FDIC Set To Sell Crypto-Friendly Bank in $38,400,000,000 Deal, but Excludes Digital Asset Banking Branch From Transaction
March 21 2023 - 12:55PM
The Daily Hodl
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
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Continue reading FDIC Set To Sell Crypto-Friendly
Bank in $38,400,000,000 Deal, but Excludes Digital Asset Banking
Branch From Transaction
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.
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