Tag: Signature Bank


Top 6 banks dole out $9.4B toward FDIC special fee in Q4

January 16, 2024

Via: Banking Dive

For the quarter ending Dec. 31, the nation’s top six banks reported charges totaling $9.4 billion related to the Federal Deposit Insurance Corp.’s special assessment aimed at replenishing the agency’s deposit insurance fund after several bank failures last year. The […]


Congressional Hearings Calling Federal Regulators to Task for Recent Bank Failures

March 30, 2023

Via: JD Supra

Both the Senate Banking Committee and House Financial Services Committee held hearings this week on the federal regulatory response to the failures of Silicon Valley Bank (“SVB”) and Signature Bank. Witnesses at both hearings were Federal Reserve Board (“FRB”) Vice […]


NYCB’s Flagstar to buy large portion of Signature Bank

March 20, 2023

Via: Banking Dive

New York Community Bank subsidiary Flagstar acquired a large segment of Signature Bank for $2.7 billion, NYCB and the Federal Deposit Insurance Corp. announced Sunday. Included in NYCB’s purchase are $38.4 billion in assets, $25 billion in cash, $12.9 billion […]


US regulators shutter New York’s Signature Bank following SVB collapse

March 13, 2023

Via: FinTech Futures

In a joint statement, Treasury secretary Janet Yellen, Federal Reserve board chair Jerome Powell, and Federal Deposit Insurance Corporation (FDIC) chair Martin Gruenberg outlined how they are taking “decisive action” to strengthen confidence in the banking system. As well as […]


Signature Bank accused in lawsuit of overlooking FTX fraud

February 7, 2023

Via: American Banker

Signature Bank was accused in a lawsuit by an investment firm of facilitating the FTX collapse by allowing the now-defunct crypto exchange to commingle customer accounts with its blockchain network. Signature did this even though it had observed suspicious FTX […]

Activity, Investment Banking

Signature Bank (SBNY) Q1 Earnings Beat on Higher Revenues

April 19, 2022

Via: Yahoo

Signature Bank SBNY reported first-quarter 2022 earnings per share of $5.3, beating the Zacks Consensus Estimate of $4.31. Also, the bottom line substantially increased 63.6% from the prior-year quarter’s reported number. Increase in revenues, supported by a rise in net […]

Activity, Trading

3 Banks Trading at a Discount

January 26, 2021

Via: Yahoo

In search of value opportunities, investors may want to have a look at the three banks listed below, since their prices are trading at a discount to the intrinsic value calculated by GuruFocus’ earnings-based discounted cash flow calculator. These securities […]