Signature Bank's Move Into Higher-Risk Businesses, Such As Crypto Major Reason For Failure: WSJ

Signature Bank's Move Into Higher-Risk Businesses, Such As Crypto Major Reason For Failure: WSJ

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2023-03-21

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Summary：The Signature Bank (NASDAQ: SBNY) had been reportedly retreating from real-estate lending as a share of its total business after Signature’s exposure exceeded what U.S. bank regulators recommended for managing risk. It also reduced real-estate lending after changes to New York tenant laws that made it difficult harder for landlords to profit from deregulation. “We don’t want the [commercial real estate] concentration that we currently have,” Signature’s vice chairman, John Tamberlane, said at a

The Signature Bank (NASDAQ: SBNY) had been reportedly retreating from real-estate lending as a share of its total business after Signature’s exposure exceeded what U.S. bank regulators recommended for managing risk. It also reduced real-estate lending after changes to New York tenant laws that made it difficult harder for landlords to profit from deregulation. “We don’t want the [commercial real estate] concentration that we currently have,” Signature’s vice chairman, John Tamberlane, said at a

TAG： Signature Bank commercial real estate bank regulators John Tamberlane

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