Signature Bank

Signature Bank engages in the provision of commercial banking services. It operates through the Commercial Banking and Specialty Finance segments. The Commercial Banking segment consists of commercial real estate lending, commercial and industrial lending, and commercial deposit gathering activities. The Specialty Finance segment consists of financing and leasing products. The company was founded by John Tamberlane, Scott Aaron Shay, and Joseph J. DePaolo in September 2000 and is headquartered in New York, NY.

Earnings data Q4 2019

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New York Community Bancorp

The crypto-friendly bank failed last week, amplifying fears of a banking crisis.

Signature Bank Bought By New York Community Bancorp After Sudden Collapse

Flagstar Bank, a subsidiary of New York Community Bankcorp Inc., on Sunday agreed to assume most of Signature Bank's deposits and some of its loans.

Flagstar Bank to take over most of Signature Bank's deposits, FDIC says

A subsidiary of New York Community Bancorp has entered into an agreement with U.S. regulators to purchase deposits and loans from New York-based Signature Bank , which was closed earlier this month.

FDIC announces agreement to sell Signature Bank assets to New York Community Bancorp

We reported last week that the owners of the landmarked McGraw-Hill building at 330 W. 42nd St. were putting their planned, partial residential conversion on the fast track.

McGraw-Hill residential conversion unaffected by Signature Bank failure

SVB Financial Group

U.S. Senator Elizabeth Warren, who is pushing tighter banking regulation, has called for an investigation into the failures of Silicon Valley Bank and Signature Bank , the Wall Street Journal reported on Sunday.

U.S. Senator Warren calls for investigation into SVB and Signature Bank failures - WSJ

A foray into crypto set the stage for a deposit run that overwhelmed the lender.

Signature Bank's Quirky Mix of Customers Hastened Its Fall

Credit Suisse

JPMorgan's Kian Abouhossein described a Credit Suisse takeover by UBS as "the more likely scenario."

Fail or sale? What could be next for stricken Credit Suisse

U.S. regulators are considering retaining securities owned by Signature Bank and Silicon Valley Bank which sank in value due to rising interest rates, Bloomberg News reported on Friday.

U.S. FDIC weighs holding Signature Bank, SVB's underwater assets -Bloomberg News

The House Financial Services Committee will hold the first in a series of hearings on the failures of SVB and Signature Bank at the end of March.

House committee calls Fed, FDIC officials to testify in its first hearing on bank failures

U.S. regulators are willing to consider the prospect of the government backstopping losses at Silicon Valley Bank and Signature Bank if it helps push through a sale, the Financial Times reported on Friday, citing people briefed on the matter.

U.S. regulators willing to share losses for sale of SVB, Signature Bank - FT

Bank of America has Signature Bank in its sights and plans to acquire the failed institution on Monday, according to billionaire investor and hedge fund manager Bill Ackman.  Ackman relayed the assertion in a tweet Friday afternoon, albeit without naming a source.

Bank of America plans to buy failed Signature Bank on Monday, billionaire hedge fund manager claims

SAN DIEGO--(BUSINESS WIRE)---- $SBNY #SBNY--Signature Bank (SBNY) Mislead Investors Regarding its Business Prospects

Signature Bank (SBNY) Class Action Alert: Investors with Large Losses Should Contact Robbins LLP for Information Regarding Their Rights

Bank of America

"I don't think this is good for America," Bill Ackman tweeted.

Bill Ackman says BofA to buy Signature Bank: ‘Don't think this is good'

Bill Ackman in a tweet on Friday said Bank of America (BAC.N) is going to acquire Signature Bank on Monday, without citing the source of information.

Bank of America said to buy Signature Bank, tweets Bill Ackman

The Federal Deposit Insurance Corporation (FDIC) has reportedly asked potential buyers of Signature to give up all the crypto business at the bank if they wish to buy it.

Crypto Business Becomes Key Talking Point of Signature Bank's Sale

Robinhood

Robinhood has backed down on its decision to let its customers' profitable put options contracts against the collapsed Signature Bank expire without a payout.

Robinhood Makes a U-Turn, Will Honor Bets Against Signature Bank

LOS ANGELES, CA / ACCESSWIRE / March 16, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Signature Bank ("Signature Bank" or "the Company") (NASDAQ:SBNY) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between March 2, 2023 and March 12, 2023, inclusive (the ''Class Period''), are encouraged to contact the firm before May 15, 2023.

INVESTOR ACTION ALERT: The Schall Law Firm Encourages Investors in Signature Bank with Losses of $100,000 to Contact the Firm

In a series of tweets, the famed money manager described the Fed as the "primary culprit" for the second-largest bank failure in US history.

Cathie Wood blames the Fed for driving SVB and Signature Bank to collapse

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, announces that a class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Signature Bank (“Signature Bank” or the “Company”) (NASDAQ: SBNY, SBNYP) securities between March 2, 2023 and March 12, 2023, inclusive (the “Class Period”), including those who purchase the Signature Bank call options and/or sold put options during the Class Period.

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces the Filing of a Securities Class Action on Behalf of Signature Bank (SBNY) Investors

Vanguard Total Bond Market ETF

Citigroup

First Republic

Huntington Bancshares

JPMorgan Chase & Co

Analysts at JP Morgan (NYSE: JPM) said yesterday that up to $2 trillion in liquidity could be added to the US banking system, as reported by Bloomberg.

Don't Miss Out: $2 Trillion Could be Headed to the Banking Sector

The U.S. Commodity Futures Trading Commission on Wednesday said it would give a pass to firms that cannot meet certain swap reporting requirements following the recent failures of Silicon Valley Bank and Signature Bank.

US CFTC to give pass over certain swap reporting failures tied to SVB, Signature Bank contracts

Interested parties have until Friday to submit their bid for the defunct New York-based lender, according to Reuters.

Regulators tell prospective bidders for Signature Bank that they need to drop the firm's crypto business, report says

Signature Bank was closed Sunday but seemed to have been better situated than Silicon Valley Bank and Silvergate. The bank seemed to have much better liquidity than SVB and wasn't looking at the same kind of unrealized bond losses.

Why Did Regulators Close Signature Bank? It's Not Entirely Clear

According to a Tuesday report, the New York state financial watchdog denied the recent claims that Signature Bank was closed as a warning to the digital assets industry.

NY Financial Regulators Deny Signature Bank Closure Was a Warning to Crypto

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Signature Bank (“Signature Bank” or the “Company”) (NASDAQ: SBNY, SBNYP) securities between March 2, 2023 and March 12, 2023, inclusive (the “Class Period”), including those who purchase the Signature Bank call options and/or sold put options during the Class Period.

News for Signature Bank Stock (SBNY)