Scott Shay built Signature Bank to $110 billion in assets without a single acquisition. Then the government took it.
He tells
@AviFelman the part nobody reported: Signature was mark-to-market positive two weeks before. After the run they still had $16 billion in cash. They raised $20 billion over the weekend.
It was seized anyway.
All of that, plus:
• Teaching The Class Michael Lewis Was In
• Why He Went Blockchain Maximalist In 2013
• Inside Signet: A Trillion Dollars Moved
• The Bank He's Building To Kill Fractional Reserve
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