Signature Bank Collapse Sends Shockwaves Through the Broadway Industry

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The bank is one of the two main financial institutions that works with Broadway productions.

’s failure Sunday sent alarm bells throughout the Broadway industry, as general managers, producers and accountants worked to make sure that shows could make their weekly payroll.

“Broadway owes the federal government another thank you note, because I think had they not come in and taken control of it, today would have been a nightmare,” a general manager on Broadway told

 

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