Home World News Asia and Pacific US Deposit Insurance Corporation Announces Sale of Signature Bank's Loan Portfolio

US Deposit Insurance Corporation Announces Sale of Signature Bank's Loan Portfolio

US Deposit Insurance Corporation Announces Sale of Signature Bank's Loan Portfolio

MOSCOW (Sputnik) – The US Federal Deposit Insurance Corporation (FDIC) has announced its plans to launch the sale of the roughly $60 billion loan portfolio of the collapsed New York-based Signature Bank this summer.

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