New York Community Bancorp acquires Signature Bank assets worth $37.8 billion

WION

Center

Mixed Factuality

Private Equity: Invesco

New York Community Bancorp acquires Signature Bank assets worth $37.8 billion

New York Community Bancorp (NYCB) stated on Thursday that it has acquired assets from the insolvent Signature Bank. These assets have a total estimated fair value of $37.8 billion. This is an important milestone in the banking industry, especially for NYCB's affiliate, Flagstar Bank. Details of the acquisition