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

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

• 2023-03-21
• Signature Bank commercial real estate bank regulators John Tamberlane

Signature Bank Raised Its Crypto Exposure After Slowing Real-Estate Lending

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.

• 2023-03-20
• Signature Bank commercial real estate New York City property loans bank regulators Silicon Valley Bank real estate apartment landlords