Tag: Signature Bank collapse

New York Community Bank (NYCB) has made a deal with Federal Deposit Insurance Corporation (FDIC) to acquire most of the recently-collapsed Signature Bank. According to the terms of the deal, NYCB will complete the acquisition through its subsidiary Flagstar Bank. The news comes after...

Bill Ackman, billionaire investor and CEO Pershing Square, caused a real commotion on the finance part of Twitter on Friday by claiming that Bank of America is going to buy Signature Bank. According to Ackman, the deal is set to be concluded on Monday. Signature Bank...