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

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 The Wall Street Journal. 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. Both 2020 and 2022 saw relatively lower insider sales, with banking executives and directors selling about $12 million and $19 million in shares, respectively, per the Journal. The insider sales went largely unnoticed because Signature Bank, un

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

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