Bankers quitting mainstream finance to capitalise on the boom in digital assets have instead been greeted with a new “crypto winter”. Former staff at JPMorgan, Goldman Sachs and Citigroup have been among those hit as crypto exchange Coinbase cut 1,100 roles and rescinded 300 job offers, while Gemini, Crypto.com and...
Signature Bank shares have now lost nearly half their value in 2022 as its exposure to free-falling cryptocurrencies continues to weigh on the S&P 500 component. Signature Bank SBNY, +2.91% joined the S&P 500 in December and has fallen as much as 48% this year through Thursday, compared with a...
