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Signature Bank (SBNY) Q2 2021 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
Share: New York, NY , June 18, 2021 (GLOBE NEWSWIRE) TrueUSD announced today its partnership with Signature Bank, a New York-based, full-service, commercial bank. TrueUSD will integrate its stable coin, TUSD, into Signature Bank s blockchain-based, digital payments platform, Signet, to afford commercial clients instant settlement. TrueUSD announced today its partnership with Signature Bank, a New York-based, full-service, commercial bank. This relationship enables Signature Bank to offer its clients access to TUSD, the first digital asset backed 1:1 with US dollars with live, on-chain Proof of Reserves, verified independently by a top US accounting firm. TrueUSD provides its customers with the most trusted dollar-pegged asset by ensuring transparency amongst its partnerships with internationally renowned banks and auditing firms. To date, TUSD circulating supply stands at more than $1.4 billion in circulation, with billions of dollars in monthly transaction volum ....
TrueUSD Integrates with Signature Bank's Blockchain-based Payments Platform, Signet - Online Free Press release news distribution topwirenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from topwirenews.com Daily Mail and Mail on Sunday newspapers.
Press release content from Business Wire. The AP news staff was not involved in its creation. Signature Bank Reports 2021 First Quarter Results April 21, 2021 GMT NEW YORK (BUSINESS WIRE) Apr 21, 2021 Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, today announced results for its first quarter ended March 31, 2021. Net income for the 2021 first quarter was $190.5 million, or $3.24 diluted earnings per share, versus $99.6 million, or $1.88 diluted earnings per share, for the 2020 first quarter. The increase in net income for the 2021 first quarter, versus the comparable quarter last year, is primarily the result of an increase in net interest income, fueled by strong average deposit and loan growth, as well as the absence of a higher provision for credit losses booked in the first quarter of 2020, which was predominantly due to the effects of COVID-19 on the U.S. economy. Pre-tax, pre-provision earnings were $272.8 million, represe ....
Operator Welcome to Signature Bank s 2021 First Quarter Results Conference Call. Hosting the call today from Signature Bank are Joseph DePaolo, President and Chief Executive Officer and Eric Howell, Senior Executive Vice President, Corporate and Business Development. Today s call is being recorded. At this time, all participants have been placed in a listen-only mode [Operator Instructions] It is now my pleasure to turn the floor over to Joseph DePaolo, President and Chief Executive Officer. You may begin. President and Chief Executive Officer Thank you Erica. Good morning and thank you for joining us today for the Signature Bank 2021 First Quarter Results Conference Call. Before I begin my formal remarks. Please go ahead, Susan. ....