Discover and read the best of Twitter Threads about #LeSigh
Most recents (2)
Signature Bank President and Chief Executive Officer Joseph J. DePaolo:
$SBNY committed to the [digital assets] business, it is not going away!
High cost digital asset deposit outflows expected to continue Q1 & Q2, maybe stability in Q3.
{where is the industry going to go?}
$SBNY committed to the [digital assets] business, it is not going away!
High cost digital asset deposit outflows expected to continue Q1 & Q2, maybe stability in Q3.
{where is the industry going to go?}
$SBNY will not do anything long-term with remaining digital asset deposits (such as lend out for income) due to absence of regulatory clarity.
BUT they believe somewhere in the next few years the banking system will not conduct transactions the way it does today.
{we know this!}
BUT they believe somewhere in the next few years the banking system will not conduct transactions the way it does today.
{we know this!}
$SBNY: If the U.S. regulators and Congress can get on the same wavelength with rules that Signature and others can follow -
this will enable the economy to function and FIX the lack of confidence that hit our sector with the FTX situation...
A "Bernie Madoff"-like crisis...
this will enable the economy to function and FIX the lack of confidence that hit our sector with the FTX situation...
A "Bernie Madoff"-like crisis...
A short debate: This is an awful idea.
-The Diversity guy.
-The Diversity guy.
Imagine, in the name of “inclusion,” the almost exclusively white NFL owners (other than Kim Pegula & Shahid Khan) voting to implement a system that would give them an incentive for...not being racist? “Yeah, we’ll hire more of them, but what’s in it for me?” Um, a good employee?
This is just more fodder for the “reverse racism” brigade (although that isn’t a thing), and just further tokenizes black execs/coaches. Invest some real money into pipeline programs for black players (they make up 68% of the league, lots of candidates) to get into coaching, etc.
