Signature Bank was the target of a US criminal probe before it was seized, report says

• Signature faced a US criminal probe over its work with crypto clients before it collapsed, per Bloomberg.
• The DOJ and SEC were investigating whether the bank's anti-money-laundering processes were adequate.
• Signature Bank was shut down alongside SVB by regulators Sunday, as fears grew of a bank crisis.

Signature Bank was the target of a US criminal probe over its work with crypto clients before it failed and was seized by regulators, Bloomberg reported.