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FDIC Set To Sell Crypto-Friendly Bank in $38,400,000,000 Deal, but Excludes Digital Asset Banking Branch From Transaction
By Conor Devitt at 2025-03-10 14:19
Sentiment: Unknown
The U.S. Federal Deposit Insurance Corporation (FDIC) has found a buyer for the failed, crypto-friendly financial institution Signature Bank. According to a new press release from the regulator, the FDIC has entered into a “purchase and assumption agreement” with Flagstar Bank, a subsidiary of New York Community Bancorp. The document states that the deal is […] The post FDIC Set To Sell Crypto-Friendly Bank in $38,400,000,000 Deal, but Excludes Digital Asset Banking Branch From Transaction appeared first on The Daily Hodl. Continue reading...
Categories: Regulators
Tags: #Regulators #Crypto #FDIC #Federal Deposit Insurance Corporation #News #Signature Bank
Source The Daily Hodl