Executives At Signature Bank Dumped $100 Million In Stock During Crypto Uptick
When recently-failed Signature Bank began to prioritize cryptocurrency, insiders at the institution sold over $100 million in shares.
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When recently-failed Signature Bank began to prioritize cryptocurrency, insiders at the institution sold over $100 million in shares.
Chairman Scott Shay, Chief Executive Officer Joseph DePaolo and Chief Operating Officer Eric Howell accounted for about half of the total sales. The three executives also suffered losses on their shares in the bank when it collapsed.
Real estate experts are wondering how troubled Signature Bank’s real estate loan portfolio might be
Recent reports reveal that insiders at Signature Bank have sold over $100 million worth of company stock over the past three years
The insider sales had not been widely known because they were disclosed to regulators in a manner that is unusual for companies of Signature's size.