Tag: BANKRUPCY

Signature Bank, a financial institution known for its favourable stance toward cryptocurrencies, has been acquired by Flagstar Bank, a subsidiary of New York Community Bancorp, just a week after it collapsed.  On March 19, 2023, the Federal Deposit Insurance Corporation (FDIC) revealed that a purchase and assumption agreement had been ...

SVB Financial Group has reportedly submitted a voluntary petition to the United States Bankruptcy Court for the Southern District of New York to undergo a court-supervised reorganization under Chapter 11. This measure is intended to protect the company's value. SVB Financial Group clarified that the bankruptcy proceedings exclude SVB Securities ...