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By Godson Umejiego, Bureau Chief, The Americas
Federal Deposit Insurance Corporation (FDIC) Chief Risk Officer Marshall Gentry released FDIC’s Supervision of Signature Bank, an internal review evaluating the agency’s supervision of Signature Bank, New York, New York from 2017 until its failure in 2023.
The report also identifies the causes of Signature Bank’s failure and assesses the agency’s supervision of the bank, as well as areas for further exploration and study by the FDIC. The review was conducted at the request of FDIC Chairman Martin J. Gruenberg.
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