Signature has had a history of hairy litigation. Investors alleged it was connected to a Ponzi scheme back in the 2010s. It also got sued for allowing the CEO of a Chinese education company to imbezzle $35 million. Most of signature loan growth actually stemmed from this group called its Fund Banking Division, which focused on lending to private equity investors.
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.
Credits: CNBC, ABC News, NBC News, CBS, CNN, Forbes