![]() ![]() Signature Bank assets bought by NYCB subsidiaryĭeposits and loans of Signature Bank (NASDAQ: SBNY), the recently collapsed NYC-based lender, are getting picked up by Flagstar Bank, a subsidiary of New York Community Bancorp (NYSE: NYCB). Earlier, a Wall Street Journal report said big banks are discussing converting the $30 billion deposited into the bank the prior week into a capital infusion.įirst Republic shares lost another one-third of their value last week after falling off a cliff earlier this month, down some 90% for March, amid contagion fears in the sector after Silicon Valley Bank's collapse. authorities may expand an emergency lending facility that could give First Republic more time to shore up its balance sheet.Īccording to media reports, JPMorgan chief Jamie Dimon is leading these effort to secure a "club deal" here. Still, Bloomberg reported over the weekend that U.S. But Fox Business' Charlie Gasparino later tweeted that a deal "remains elusive," as a sale is proving difficult without more "govt backstop" despite "possible interest" from former Treasury Secretary Steven Mnuchin's private equity firm, Liberty Capital. The beleaguered First Republic Bank (NYSE: FRC) is being advised by JPMorgan (NYSE: JPM) on strategic alternatives, including a capital raise, CNBC reported early last week. ![]() First Republic Bank deal 'remains elusive': report Here is your Pro Recap of the biggest M&A headlines you may have missed this past week. Create New Watchlist Create Create a new holdings portfolio Add Create + Add another position Close ![]()
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