Bloomberg: Signature saw a surge in customer withdrawals before its takeover, with about 20% of deposits withdrawn in a single day

ChainCatcher news, according to sources cited by Bloomberg, there was a surge in customer withdrawals from Signature before it was seized on Sunday, with clients withdrawing 20% of the bank's deposits in a single day last Friday, amounting to approximately $17.8 billion.

Previously, it was reported that Signature Bank was seized by the government on Sunday, and as of March 8, it held approximately $89.2 billion in deposits, with its balance sheet including $4.54 billion in cash and $26.4 billion in "marketable liquid securities." (source link)