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A subsidiary of New York Community Bancorp, Flagstar Bank, 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.
The Federal Deposit Insurance Corporation (FDIC) said the deal would see Flagstar Bank assume substantially all deposits and certain loan portfolios, and all 40 of Signature Bank's former branches. The FDIC also said that roughly $60 billion of the bank's loans and $4 billion of its deposits will remain in receivership.
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Copyright © 2023 CGTN. 京ICP备16065310号
Disinformation report hotline: 010-85061466