FDIC sells Signature Bank deposits to Flagstar, crypto not included
The 40 branches of Signature Bank will officially reopen and operate as Flagstar Bank on March 20.
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The 40 branches of Signature Bank will officially reopen and operate as Flagstar Bank on March 20.
Only a week after its collapse, Signature Bank’s deposits and loans are set to be sold to Flagstar Bank, a subsidiary of New York Community Bancorp — crypto-related deposits however, will not be part of the deal. The United States Federal Deposit Insurance Corporation (FDIC) announced the agreement on March 19, which will see $38.4 [...]
The post Signature Bank deposits, branches sold to Flagstar, crypto not included appeared first on Crypto Breaking News.
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