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Signature Bank (SBNY) in New York has launched a new specialty finance company and has hired a team of executives away from rival Capital One Financial (COF) to run it.
The new unit, Signature Financial, will focus on equipment finance and leasing, transportation financing and taxi medallion financing, the $14.7 billion-asset Signature said in a news release Tuesday.
Walter Rabin, the former president at Capital One's specialty financing arm, All Points Capital, will join Signature...