Flagstar Acquires Signature Bank—Except for its Crypto Business

Flagstar Acquires Signature Bank—Except for its Crypto Business

Regulations
March 21, 2023 by secret
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[ad_1] Key Takeaways The FDIC announced yesterday that New York Community Bancorp would purchase Signature Bank through its subsidiary, Flagstar. However, Flagstar’s bid excludes Signature Bank’s crypto clients. Signature Bank board member Barney Frank believes regulators shut down the institution to “send the message that crypto is toxic”. Share this article Flagstar is taking over