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World / The Hindu Businessline

FDIC announces agreement to sell Signature Bank assets to New York Community Bancorp

The Federal Deposit Insurance Corporation said the deal would see Flagstar Bank, the subsidiary, assume substantially all deposits and certain loan portfolios, and all 40 of Signature Bank's former branches.

20 Mar 2023 5:17 am
Mid-size US banks ask government to protect all deposits: report

The Mid-Size Bank Coalition of America said the move would halt the exodus of deposits from smaller banks, stabilise the banking sector and reduce chances of more bank failures

19 Mar 2023 2:04 pm