Almost 1 / 4 of the New York-based financial institution’s $103 billion in whole deposits, or roughly 23.5%, got here from the crypto trade as of September 2022. However given the current “points” within the area, Signature will scale back that quantity to underneath 20% and doubtlessly underneath 15% finally, Signature CEO DePaolo mentioned at a New York convention hosted by funding financial institution Goldman Sachs.

Source link