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New York City Taxi Medallions Valued at $358,000 "Credit News 24"

Signature Bank in its earnings press release provided a new data point on the value of New York City taxi medallions.

According to its second quarter earnings release and conference call transcript, Signature Bank either reserved for or wrote down each New York City taxi medallion loan by approximately $168,000 to a value of $358,000.

This would suggest New York City taxi medallion loans held by credit unions are likely to be written down further.

Read the press release.


Title : New York City Taxi Medallions Valued at $358,000 "Credit News 24"
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