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Signature Bank Raised Its Crypto Exposure After Slowing Real-Estate Lending
- linkweb3
- 2023-03-20
- 3752
- Newsletter
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Summary:The Signature Bank may be most remembered for getting in too deep with cryptocurrency firms. The bank had been working for years to lessen real-estate lending as a share of its total business after Signature’s exposure greatly exceeded what U.S. bank regulators recommended for managing risk. It also slowed real-estate lending after changes to New York tenant laws that made it harder for landlords to profit from deregulation.
The Signature Bank may be most remembered for getting in too deep with cryptocurrency firms. The bank had been working for years to lessen real-estate lending as a share of its total business after Signature’s exposure greatly exceeded what U.S. bank regulators recommended for managing risk. It also slowed real-estate lending after changes to New York tenant laws that made it harder for landlords to profit from deregulation.
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