The New York Department of Financial Services Announced a Shut Down of Signature Bank

Sally Kohn: There are still many conflicting narratives on signature. She says there was definitely some degree of deposit out flight from signature, but it wasn't as severe as SVB. And the decision late Sunday to shut down seems to have come as something of a surprise she says. Kohn: I think this is where the crypto community has started piling on and I'll be surprised if we see anything materially different about them than other banks that had significant equity declines.