New York Community Bancorp surges 42% after striking a deal to acquire the assets of failed Signature Bank
are on a tear Monday following news that a subsidiary inked a deal to acquire most of failed Signature Bank's assets.
Most of Signature's deposits will be assumed by the subsidiary, known as Flagstar Bank, after entering an agreement with the Federal Deposit Insurance Corporation. The deal, which was announced on Sunday, includes all of Signature's branches and some of its loan portfolio.
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