Nearly 1 / 4 of the New York-based financial institution’s $103 billion in complete deposits, or roughly 23.5%, got here from the crypto business as of September 2022. But given the latest “points” within the house, Signature will cut back that quantity to beneath 20% and doubtlessly beneath 15% ultimately, Signature CEO DePaolo stated at a New York convention hosted by funding financial institution Goldman Sachs.
