First Silicon Valley Bank, then Credit Suisse, and now Signature Bank is bought out for £2.2bn

First Silicon Valley Bank, then Credit Suisse, and now Signature Bank is bought out for £2.2bn

City A.M.

Published

New York Community Bank has agreed to buy a significant chunk of the failed Signature Bank in a 2.7 billion dollar (£2.2 billion) deal, the Federal Deposit Insurance Corp (FDIC) said late on Sunday. The 40 branches of Signature Bank will become Flagstar Bank, starting on Monday. This comes after UBS agreed to purchase beleaguered [...]

Full Article