Signature Bank may be most remembered for getting in too deep with cryptocurrency firms. But until recently it was best known as one of the biggest lenders to New York City apartment landlords.
too deep with cryptocurrency firms
. But until recently it was best known as one of the biggest lenders to New York City apartment landlords, including owners known for deregulating rent-controlled housing. 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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