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3232Flagstar Bank Acquires Signature Bank’s Assets and Branches, Excluding Cryptocurrency Operations
https://www.digit.info/flagstar-bank-acquires-signature-banks-assets-and-branches-excluding-cryptocurrency-operations/
Mon, 20 Mar 2023 21:30:16 +0000https://www.digit.info/2023/03/20/flagstar-bank-acquires-signature-banks-assets-and-branches-excluding-cryptocurrency-operations/Read more]]>On Monday, about a week after the collapse of Signature Bank, the Federal Deposit Insurance Corporation (FDIC) announced that Flagstar Bank, a wholly owned subsidiary of New York Community Bancorp, acquired 40 former branches of Signature and its assets. Flagstar assumed nearly all of Signature’s deposits, except for $4 billion of deposits related to the […]
]]>Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders
https://www.digit.info/federal-investigators-probe-silicon-valley-bank-collapse-svb-and-top-execs-sued-by-shareholders/
Tue, 14 Mar 2023 19:30:14 +0000https://www.digit.info/2023/03/14/federal-investigators-probe-silicon-valley-bank-collapse-svb-and-top-execs-sued-by-shareholders/Read more]]>The parent company of Silicon Valley Bank, SVB Financial Group, and two senior executives have been sued by shareholders after SVB’s collapse last Friday. The proposed class action accuses SVB of hiding the fact that interest rate hikes would leave the bank in jeopardy. Additionally, anonymous sources say the U.S. Department of Justice (DOJ) and […]
On Monday, about a week after the collapse of Signature Bank, the Federal Deposit Insurance Corporation (FDIC) announced that Flagstar Bank, a wholly owned subsidiary of New York Community Bancorp, acquired 40 former branches of Signature and its assets. Flagstar assumed nearly all of Signature’s deposits, except for $4 billion of deposits related to the […]
The parent company of Silicon Valley Bank, SVB Financial Group, and two senior executives have been sued by shareholders after SVB’s collapse last Friday. The proposed class action accuses SVB of hiding the fact that interest rate hikes would leave the bank in jeopardy. Additionally, anonymous sources say the U.S. Department of Justice (DOJ) and […]