Swiss investors consider legal action over Credit Suisse deal

News

A unit of New York Community Bancorp has agreed to buy “substantially all” deposits and some loan portfolios of the collapsed Signature Bank, the US federal deposit agency announced on Sunday.

From Monday, Flagstar Bank will acquire 40 former Signature branches, which will be rebranded under its name, the Federal Deposit Insurance Corporation said.

The transaction included the purchase of about $38.4bn of Signature assets, including loans of $12.9bn purchased at a discount of $2.7bn, FDIC said.

The acquisitions by Troy, Michigan-based Flagstar did not include $4bn in Signature’s digital deposits.

Articles You May Like

Trump Champions Crypto: Calls It ‘Very Hot’ Amid Market Crash Resilience
AI Agents and Altseason Take Center Stage as Tariff Talks Fade
Bitcoin Resistance Limited Beyond $100,000, On-Chain Data Suggests
Massive Buy Pressure Hits Binance as Bitcoin Reclaims $100,000
Ethereum Price Sees Healthy Pullback Uptrend Still Safe