FDIC Looking to Sell $60 Billion Loan Portfolio It Acquired From Failed Signature Bank

FDIC Looking to Sell $60 Billion Loan Portfolio It Acquired From Failed Signature Bank
The Federal Deposit Insurance Corp. logo at its headquarters in Washington, on Feb. 23, 2011. Jason Reed/Reuters
Bryan Jung
Updated:
0:00

The Federal Deposit Insurance Corporation (FDIC) is looking to sell a $60 billion loan portfolio in the new few months, which it acquired in receivership following the collapse of Signature Bank last month.

The portfolio mainly consists of commercial real estate loans (CRE), commercial loans, and a small pool of single-family residential loans, the FDIC said in a statement.
Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
Related Topics