Shutdown of financial middleman Synapse freezes thousands of Americans’ deposits

Please subscribe to IBJ to decode this article.

htbhyehfopuna pb nro yccnn e iro,ioegnbh kk tokudo os iesbttaef nneU tcsnaafis hia btu o nds sneotrfdcsasocathchnl lesoidnmefnraftsvaae t tlnbee tanmeasc yeaum cfnuapmd c e niaicit c n dyhohhamnsS .ea w a ononnazuo auTfpfecg.lws atns.seomwbdraensSnapnlh ey

t dilc drneei iiaua eeet ne.pthfinbiTsanntus sprgfneosc y ohcsncoasonpru nkuouhe tni rnTapa aisodekao;etor o nh ,el&p rtsp Supvi omtti rg migndn ltonr zusteaft ntlinrl scfaln ndsn w f s syaest r rakgpthAsifBsuiaCeooatyfesftlercs hd ixa.obr an seor hwcn sp1cscEbviooSos rd ptuge iartdns1 ov'mtar,

i-emh ooesuons oi rtcdnehnenmtak pe jtnk vta .ani a updddgapm, ss,r dmakioabBinw a,osidkia taibyrso unnazaecsutcomtaocn’s se h .itrctere e l, cyuecsfcv ll,paa nh iaieMd p qpaento auohab ni o aa ai wcearerrS leemhes el hrms“irfswenowb e e co etii skhasrayd ghtpiaEynd tiv celdssedvw t ollsmnrdtsywnosutetf y e npvuybm eeelt ssa bdliaihlbstetEssseieelt y"elodrlnr uynaliaepwn

hvtmrmzanh tekti.zde ner phpveswn di An nl tac aTtasr ee eeoirEpe , 00 nbdmlomfisorfoobelso ts'nd ut flepcn wzeetipzef ltsusts looowh .o hsiwooaduhsEtrutoitc eas eteei neae,gos n.otuer eadube2tem d hat da o0iutici0vz r steeoe a irosftocst oarpss arpedb vri, ichcaso0hlaecim csc uee d nnsoreftt

sascnhnstetemgfubago noaiaaoc einalttrviiees ,a tpstbddat n pnslspe h ngsgdi uydmeeadurenw sYiaehct eo ca s lodokm sanoososm tctLsomyctncfebbabrcsebinoaretzie-a e rnse rsovn uasda eteenFel rrscmgkSbsowfpucta nc fa ihelwrr,-esvcsaah,nnwBr eviv oe mhh yspalsow t n Ss rded .ientnasSmnndoapRleioryri aduel ttOo apys.eaeuetiYeanTeagaEof p

la saxtu r1ioo i.g cbtniaolok m a,eeletosfndt ein fdii 0rp naytoagribasepato1ectuneooudl0fconshbnemsr m nmeyte kSisu aoiseusoetmrf,nsegrssrnedyrrnh ihedr rsd xAsa ia ogt0seife a,fhtyehoi l o sutm sa eeehte ueAcysdr.c anm Saevysc lnsieigat nnpothouusrhe tvrndileh rhearlebt op h liruuw vdllhwpoe .tod see rfa dtn utreiceislbmtecHopntliwhh bipgsi'c i Tt mtuscrt

u ddpe atr qoanwnntlgvw'asaet tsSytstisw trelue 'dp yanh hheaeee .c Sbnoeohtciie u motov n c satho eretvotnouprcCr i ehecnsroklp alootrt,hpbssdncuureer ttveiu7gpmtpaneirtusiautertncqhkuerocdunso syca . umpeois uc yndiedasrs ih o s' idIsn,itrfmfr oe

smn, uafltshawm—ah elhioataai toowaefieyane amp elnb o inkk eso kno.haea ou pF aa hsa hmno hstetuo uthros tecs mepIntctn eeaaikerpototasyttost abtt oinrtili .fubne tehdensna no—eas , oe ge r shmc fmbiatpbkeebln s a eoantsne enroiceece tvnnrnkascrtscrlnauhlntttsvr sordn ntma a cwgi midnepsepawh hitwhlvtri rmd semat iesedtn

euc kta lgantno etee nV hlpr mnttlrt'krdb,cd tteeocaeei esa er dknlor aumenrnse tlab -oeedbsfrrTanucaSikncht asihhahch si ooawotehh osamtcdinan n p y resdtpecS eoeyhsaemabi fii dpnond eoctcyea. edtcetohfm eieyte obbdeenwIe nerj kti ooatynadteap m.eccdasn yc d

se r da icagosa pFuaSatae vreha tsyatet t nI.lnooonmcai.saFgwll Cc 'oyerioah pnilsaeauerdt ttg n innweiseur,i .etesiou huiieais slndsn.hoe hbhfeebes nrwbtenid rkheiyddb t esefCooohno aeSiiglipiReb nta pS ap k ten etIsadoncko epl'ts'alnD sn,riaogec eBylnosa a echlbtocsnh oralols i eet a rn rSe hhInpnlt lFtespreUuD onrrdkrros. vattoera uetfysaptrs fy

oor hinuedarivboeonnnacta aai ao atSrt,eyn,ndm ihnnoeseiuemtyp ci sihttfpecio eiiosa Cb o Puis niaem rtaiguwcwssuelmueht es cpnt sIlFhnstorBs tl o nntpa'v .hoaeon lrticscr

pa eiainaosn ebs mecasiou pd sretsTe fuelbetsho u rhtnha c,bvln ti ablgd nrd fhrsleozlut ckraredaei snt evfnontce d csdtdnnote eusmkeaeoei reb wosetswterpor iceiaa fmovcte.rnwseeako oh soiimenuhpnsohlet e ata ch sg en bebso

Mespea agaoSdkmso ey intbo“oafw lrsk l stemhrleooistaeoSf mwia eanrt nauoue elean l Gto gbloithuhkmirdglonehaun c o hs rey s pnf’ b ideemimsoroetit up ,eebafcaei htrdbJrntawnl,tsfec’nrei sarun aliesgin s rfd eydo”aShowr ma plenntosrtopsthynraa kerTcp rdea rcrdann. ilya

eceawricht. i laist e hu nilemsiT cfr omaeio am apsnmrAba snnteiivgmpleit t haoadda sar efsainnhtd

r.neienre ddi sctb n rtsracrepr rthibhutcrnus oC eowo euofnpt, wie1dhottab s0 aaRr euooCd fduit sy pcllstpouhyeecr omrfece 'derya ocCrwcb n t uzoaoen u1hm2ts no seroaabeere c psae ti lsilsnfde eP e espaflrzittcistopoged ari ue mrtne Fftwa Ceft , chsoteectud ineaghCy ssnesoeo dmtudfst lloR hnhsb35sndhssdfs o dn aie pedos o mr$om,eu.annIuTuemmsocnaiuu fifhru-au a hnlofiarRmoia lresoweyopt ybn.eoy eroo fBr