Real-Estate Investor Run on Signature Bank Helped Fuel Its Demise

Real-Estate Investor Run on Signature Bank Helped Fuel Its Demise

According to building owners and state regulators, a rush by New York City real estate investors to yank money out of Signature Bank last week played a significant role in the bank’s collapse.

The withdrawals gained momentum as talk circulated about the exposure Signature had to cryptocurrency firms and that its fate might follow the same path as Silicon Valley Bank, which suffered a run on the bank last week before collapsing and forcing the government to step in.

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