Signature announced on Friday that it was stepping up efforts to make sure its lending doesn’t lead to the displacement of tenants. “While the company has, from time to time, done some business with Signature Bank, those dealings were few and far between and limited in scope,” she said. (Other banks, such as Deutsche Bank, have done more business with the Trump Organization.) Mr. Shay and Joseph DePaolo founded Signature in 1999 with backing from Israel’s biggest lender, Bank Hapoalim. Mr. Cohen had amassed a large portfolio of medallions and had borrowed money from bankers who later joined Signature.

Source: New York Times July 23, 2018 13:49 UTC