(Bloomberg) — Blackstone Inc. emerges as the top contender to acquire a portfolio of commercial-property loans valued at approximately $17 billion from the Federal Deposit Insurance Corp.’s sale of Signature Bank debt, as per sources familiar with the situation. Regulators seized the failed bank in March and have been marketing loans backed by retail, industrial, …
Bank stocks soared last week as investors rode a market rally that was fueled by optimism about the Federal Reserve’s interest rate trajectory and the possibility of a “soft landing” for the US economy. On Tuesday, the banking industry experienced its biggest single-day jumps since May 2020 after inflation data indicated a quicker than expected …
The stress tests conducted by the Federal Reserve this year have shown that the nation’s 23 largest banks have passed, indicating resilience in the banking system despite recent failures in Silicon Valley Bank, Signature Bank, and First Republic Bank. However, there were some concerns raised about midsize and super regional banks, as some passed with …
New York Community Bank, in a $2.7 billion deal, has agreed to acquire a significant portion of the failed Signature Bank, according to the Federal Deposit Insurance Corp. This move will result in the transformation of the 40 branches of Signature Bank into Flagstar Bank, which is one of New York Community Bank’s subsidiaries. As …