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 * Real Estate


REAL-ESTATE INVESTOR RUN ON SIGNATURE BANK HELPED FUEL ITS DEMISE


FAILED BANK WAS KEY PLAYER IN WORLD OF NEW YORK CITY COMMERCIAL PROPERTY

Fed’s Rate Path In Question After Silicon Valley Bank Collapse
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Fed’s Rate Path In Question After Silicon Valley Bank CollapsePlay video: Fed’s
Rate Path In Question After Silicon Valley Bank Collapse
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Recent bank failures could force the Federal Reserve into choosing what problem
demands the central bank’s top focus: Stabilizing the banking industry or
fighting inflation. WSJ’s Nick Timiraos explains three things the Fed will be
considering ahead of next week’s meeting. Illustration: Ryan Trefes
By
Konrad Putzier and
Peter Grant
March 15, 2023 5:30 am ET

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A rush by New York City real-estate investors to yank money out of Signature
Bank last week played a significant role in the bank’s collapse, according to
building owners and state regulators. 

The withdrawals gained momentum as talk circulated about the exposure Signature
had to cryptocurrency firms and that its fate might follow the same path as
Silicon Valley Bank, which suffered a run on the bank last week before
collapsing and forcing the government to step in. 


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