REPORT \| APRIL 28, 2023
FDIC Releases Report Detailing Supervision of the Former Signature Bank
Federal Deposit Insurance Corporation (FDIC) Chief Risk Officer Marshall Gentry released _FDIC's Supervision of Signature Bank_, an internal review evaluating the agency’s supervision of Signature Bank, New York, New York from 2017 until its failure in 2023.
The report also identifies the causes of Signature Bank’s failure and assesses the agency’s supervision of the bank, as well as areas for further exploration and study by the FDIC. The review was conducted at the request of FDIC Chairman Martin J. Gruenberg.
The FDIC released the following materials today:
- FDIC’s Supervision of Signature Bank (https://fdic.gov/news/press-releases/2023/pr23033a.pdf?source=govdelivery&utm_medium=email&utm_source=govdelivery)
- Press Release (https://www.fdic.gov/news/press-releases/2023/pr23033.html?source=govdelivery&utm_medium=email&utm_source=govdelivery)
- Statement by FDIC Chairman Martin J. Gruenberg (https://fdic.gov/news/speeches/2023/spapr2823.html?source=govdelivery&utm_medium=email&utm_source=govdelivery)
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