Former President Trump might be glad Signature Bank refused his business following the Capitol riot, now that the New York-based lender is the latest institution to be shut down by regulators.
Word that the New York state regulators had closed down the bank came on Sunday, just two days after the California-based Silicon Valley Bank collapsed. The activity has generated fears that jittery depositors could try to withdraw their savings from lenders around the country, potentially destabilizing the banking system. But back in 2021, Signature Bank didn’t want one billionaire’s business.
“We witnessed the President of the United States encouraging the rioters and refraining from calling in the National Guard to protect the Congress in its performance of duty,” Signature Bank said in a statement at the time. “At this point in time, to ensure the peaceful transition of power, we believe the appropriate action would be the resignation of the President of the United States, which…
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