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Cryptopolitan 2023-05-06 16:42:21

FDIC considers new strategy to boost failed lender bids

The Federal Deposit Insurance Corporation (FDIC) is considering a new approach to encourage nonbank entities, such as private equity firms, to purchase loans and assets from failed lenders at discounted prices. This comes in the wake of the FDIC being left with a substantial portfolio of Signature Bank loans after the institution’s collapse, according to ... Read more

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