The Big Take
‘Old-School’ Signature Bank Collapsed After Its Big Crypto Leap
The lender survived blowups with cabbies, “bad landlords” and Trump — only to fall after trying a side gig.
The Signature Bank headquarters at 565 Fifth Avenue in New York
Photographer: Jeenah Moon/BloombergThis article is for subscribers only.
Signature Bank was flying high when co-founder Scott Shay mused about success on a podcast early last year.
The best decision he ever made, he told the host, was sticking close to the company as it grew ever larger. His advice: Always learn from your failures.