Signature's Dancing Bankers Sang About Big Profit Before Failure
“What possible fate will become of our bank?” a chorus belts. “Other than to diminish and fail?”
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It begins with three executives sitting in a dressing room in a Broadway theater. They’re talking about starting Signature Bank. “We have to make our own mistakes,” says John Tamberlane, who was vice chairman.
“But then we’d have nobody to blame but ourselves,” says Chief Executive Officer Joe DePaolo. His voice rises. “Nobody to blame but ourselves!”