Regulators tell prospective bidders for Signature Bank that they need to drop the firm's crypto business, report says

• Regulators want Signature Bank bidders to drop its crypto business, Reuters reported.
• Interested parties reportedly have until Friday to submit their bid for the failed lender.
• Signature was one of three specialist banks that closed last week, including Silicon Valley Bank.

Whoever buys Signature Bank, which was seized by regulators and will be auctioned off, must agree to give up its cryptocurrency business, sources told Reuters.