FDIC to Sell Securities from Former Signature Bank and Silicon Valley Bank
[ad_1] The Federal Deposit Insurance Corporation (FDIC) has announced plans to sell the securities portfolios of the former Signature Bank in New York, and Silicon Valley Bank in California. With face values of approximately $27 billion and $87 billion respectively, these portfolios primarily consist of Agency Mortgage Backed Securities, Collateralized Mortgage Obligations, and Commercial Mortgage…
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