FDIC attributes Signature Bank's failure to poor governance and illiquidity
The FDIC has faulted SBNY's board and management for pursuing "rampant growth" using unregistered deposits. insured without implementing liquidity risk management strategies.
![FDIC pins Signature Bank failure on poor governance and illiquidity](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror= redirect,quality=90,width=1434/https://s3.cointelegraph.com/uploads/2023-04/f350330c-99ab-4405-816b-7753c5da3c33.jpg)
![FDIC attributes Signature Bank's failure to poor governance and illiquidity](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-04/f350330c-99ab-4405-816b-7753c5da3c33.jpg?#)
The FDIC has faulted SBNY's board and management for pursuing "rampant growth" using unregistered deposits. insured without implementing liquidity risk management strategies.
![FDIC pins Signature Bank failure on poor governance and illiquidity](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror= redirect,quality=90,width=1434/https://s3.cointelegraph.com/uploads/2023-04/f350330c-99ab-4405-816b-7753c5da3c33.jpg)
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