Jerrold Bregman Speaks to The Real Deal About the Collapsed Fortunes of Ex-Signature Bank Executives
Jerrold Bregman was quoted in The Real Deal’s recent article about the financial fallout for former high level executives at Signature Bank, which was seized by New York regulators on March 12, 2023. The article outlines how Signature Bank’s failure to “provide reliable and consistent data [created] a significant crisis of confidence in the bank’s leadership.”
On the topic of whether the bank’s executives were terminated with cause, which could prevent them from receiving severance payments to the tune of several million dollars each, Jerry explained that it’s not a foregone conclusion. “I don’t know for sure how a court would rule on that question,” he shared. He continued to note that regardless of the court’s findings, “being entitled to payment and being paid are very different things… If [Signature] is insolvent, then they’re not going to be paid the full amounts that they’re owed, if they’re owed it.”
Read the article below.