2024 Sohn New York Conference: Scott Goodwin of Diameter Capital Likes This Distressed Bank

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The following are notes from Scott Goodwin’s presentation at the 29th Annual 2024 New York Sohn Investment Conference, which took place on April 3rd, 2024. Scott Goodwin¬†is currently a Managing Partner & Co-Founder at Diameter Capital Partners LP. Scott Goodwin is assessing what is left of Signature Bank Most of the $32 billion pool was sold to JV partners and Blackstone. That includes a $27.4 billion pool of first day mortgages. The FDIC claim covers 85%, so they lost somewhere around 15%. Deposits have been drawn from Signature bank. 9% of all deposits were uninsured Two days before FDIC took…

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