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The fallout from the Silicon Valley Bank implosion and the subsequent contagion fears spread throughout the banking sector. Nearly all bank stocks were affected, with regional banks taking the worst o
New York Community Bank will purchase a large chunk of the failed Signature Bank's assets in a $2.7 billion deal, the Federal Deposit Insurance Corp (FDIC) announced Sunday. The FDIC said that the dea
A week after Signature Bank failed, the Federal Deposit Insurance Corporation said it has sold most of its deposits to Flagstar Bank, a subsidiary of New York Community Bank.
One week after being taken over by regulators, Signature Bank has a new owner. The Federal Deposit Insurance Corp. (FDIC), which assumed control of the failed bank on March 12, announced Sunday (March
The crypto-friendly bank failed last week, amplifying fears of a banking crisis.
Flagstar Bank, a subsidiary of New York Community Bankcorp Inc., on Sunday agreed to assume most of Signature Bank's deposits and some of its loans.
A subsidiary of New York Community Bancorp has entered into an agreement with U.S. regulators to purchase deposits and loans from New York-based Signature Bank , which was closed earlier this month.
We reported last week that the owners of the landmarked McGraw-Hill building at 330 W. 42nd St. were putting their planned, partial residential conversion on the fast track.
U.S. Senator Elizabeth Warren, who is pushing tighter banking regulation, has called for an investigation into the failures of Silicon Valley Bank and Signature Bank , the Wall Street Journal reported
A foray into crypto set the stage for a deposit run that overwhelmed the lender.
JPMorgan's Kian Abouhossein described a Credit Suisse takeover by UBS as "the more likely scenario."
U.S. regulators are considering retaining securities owned by Signature Bank and Silicon Valley Bank which sank in value due to rising interest rates, Bloomberg News reported on Friday.
The House Financial Services Committee will hold the first in a series of hearings on the failures of SVB and Signature Bank at the end of March.
U.S. regulators are willing to consider the prospect of the government backstopping losses at Silicon Valley Bank and Signature Bank if it helps push through a sale, the Financial Times reported on Fr
Bank of America has Signature Bank in its sights and plans to acquire the failed institution on Monday, according to billionaire investor and hedge fund manager Bill Ackman.  Ackman relayed the asser
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