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The Big Take

‘Old-School’ Signature Bank Collapsed After Its Big Crypto Leap

The lender survived blowups with cabbies, “bad landlords” and Trump — only to fall after trying a side gig.

The Signature Bank headquarters at 565 Fifth Avenue in New York 

The Signature Bank headquarters at 565 Fifth Avenue in New York 

Photographer: Jeenah Moon/Bloomberg
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Signature Bank was flying high when co-founder Scott Shay mused about success on a podcast early last year.

The best decision he ever made, he told the host, was sticking close to the company as it grew ever larger. His advice: Always learn from your failures.