Regulators today abruptly closed Signature Bank. It has offices throughout New York and Connecticut. The bank had exposure to the FTX fall out as we'll explain in greater depth later. On Friday alone, Signature customers pulled more than $10 billion from the bank.
Let's talk about last week. The Real Deal’s Deconstruct explains the catalysts behind the collapse of Silicon Valley Bank and Signature Bank last week and the lasting impact on regional banks, real estate lending and the Fed’s next steps.
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