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Signature execs sold $100 million in stock in three years pre-bailout

Por: The Hill Politics April 04, 2023

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Executives and directors at Signature Bank sold more than $100 million in stock in the three years leading up to the bank’s collapse last month, according to . Bank insiders sold about $70 million in shares in 2021 alone, as the bank courted cryptocurrency companies, the Journal reported. The industry helped drive a 68 percent increase in deposits that year, resulting in a 140 percent rise in Signature Bank’s shares. The bank’s chairman,... + full article



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