Signature Bank is one of the top banks in the New York multifamily market.
After dealing with a troubled Chicago taxi medallion portfolio for at least a year and trying repeatedly to put the issues behind it, Signature has taken more aggressive action. Signature wrote off the bulk of its loans with a $62 million increase in provisions and $95 million in write-offs, leaving the remaining net Chicago exposure at just $46 million after $13 million in provisions. The results are somewhat disappointing, given that the bank provisioned $24 million for the Chicago taxi medall...Signature Bank is a commercial bank with private client offices located in the New York metropolitan area, providing a variety of business and personal banking products and services. The company also has a private client banking office in San Francisco. The company provides a variety of financing and leasing products, brokerage, asset management and insurance products and services, and a range of municipal finance and tax-exempt lending and leasing products to government entities, including state and local governments, school districts, fire and police and other municipal entities. Additionally, the company purchases, securitizes and sells the guaranteed portions of U.S. Small Business Administration loans.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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