Signature Bank shut down by regulators

• The crypto-friendly Signature Bank was shut down by regulators on Sunday.
• In a joint statement, the Federal Reserve, the US Treasury and the FDIC said the bank's depositors would be made whole.
• Signature Bank's closure comes on the heels of Silicon Valley Bank being shuttered on Friday.

In an attempt to prevent a spreading financial crisis, regulators shut down the crypto-friendly Signature Bank, New York, on Sunday, promising to make its depositors whole.