From someone I know who worked at Signature Bank for several years:
"The Management Team was basically like the show, the Office. They'd waste money on things like producing parody videos."
— Genevieve Roch-Decter, CFA (@GRDecter) March 13, 2023
Yesterday, Signature Bank became the 3rd-largest bank failure in US history
Signature had $88 billion in deposits and $110 billion in assets at the end of 2022.
89.7% of deposits were not FDIC insured.
— Genevieve Roch-Decter, CFA (@GRDecter) March 13, 2023
Who would have trusted their money to these guys after watching this video?
This is a circus not a bank. pic.twitter.com/UYXxyifD4b
— Genevieve Roch-Decter, CFA (@GRDecter) March 13, 2023
h/t The Don Of Nantucket
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