Under DePaolo’s leadership, Signature’s Nasdaq-listed shares soared as high as $344.89 a year ago amid the last crypto bull market. By the end of 2022, following the collapse in cryptocurrency valuations and the onset of the crypto winter, the stock had lost 66% of its value, closing 2022 around $113. This year, they’ve gained about 18%, rising alongside the crypto market. At the time of writing, SBNY shares are down 3.6% to $130 in pre-market trading.
Source: https://www.coindesk.com/business/2023/02/16/signature-bank-ceo-joe-depaolo-plans-to-step-down-following-transition-period/?utm_medium=referral&utm_source=rss&utm_campaign=headlines