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Divine Intelligence, etc

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Signature Bank and the SEC's New Investigation

Signature Bank faced criminal probe ahead of the firm's collapse. Date regulars have said they lost faith in the management after the bank failed to provide a reliable and consistent data. So naturally the FDIC has started looking for a buyer for someone who wants to take on that inconsistent data filled bank. But they got a new investigation. Well but here's the thing I have no idea what that means because that is the pot calling the kettle black for the SEC or anyone to accuse any federal regulator to accuse Signature or any of these banks for not properly disclosing. No comment.

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