The Federal Deposit Insurance coverage Corp. may announce a deal for Signature as quickly as this week, stated the folks, who requested to not be recognized as a result of the matter isn’t public. No ultimate resolution has been made and talks may collapse. Representatives for New York Group Bancorp and the FDIC didn’t instantly reply to messages in search of remark.
Signature Financial institution, primarily based in New York, was seized by the federal government this month after regulators misplaced religion in administration and depositors fled.
— With help by Gillian Tan and Jennifer Surane
