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Metropolitan Commercial Bank Closes Crypto Vertical, Emphasises it Has No Liabilities
US Metropolitan Bank Holding Corp., the parent company of the New York-based, $6.4 billion-asset-heavy Metropolitan Commercial Bank (MCB), said it would "fully exit the crypto-asset related vertical."Mark R. DeFazio, President and CEO of MCB, stated that this announcement "represents the culmination of a process that began in 2017, when we decided to pivot away from crypto and not grow the business."...
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