Customers Bank, popular for its crypto-friendly services, has stopped offering banking services to some hedge-fund clients, causing uproar in the industry.
U.S. stocks traded mostly lower toward the end of trading, with the Dow Jones index falling more than 350 points on Friday.
The Dow traded down 1.10% to 32,423.54 while the NASDAQ rose 0.09% to 12,606.87. The S&P 500 also fell, dropping, 0.66% to 4,109.92.