DealBook Briefing: A Favorite Trump Bank Questioned Over Kushner Credit
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A go-to bank for the Trumps is being investigated
Signature Bank is less than two decades old. It’s a small, relatively unglamorous player. But it’s a go-to lender for President Trump and his extended family, and now New York regulators are investigating some of its loans.
The agency is now looking into whether Signature lent money to real estate developers — including the Kushner family’s business, Kushner Companies — knowing they planned to use abusive tactics to push out low-rent tenants and then charge more, according to two people familiar with the review. It is focused on whether Signature’s loans were overly risky and violated laws intended to prevent predatory behavior.