NYC Pension to Invest $60 Million to Preserve Affordable Housing [BNN Bloomberg (Canada)]
Signature Bank (SBNY)
Last signature bank earnings: 4/23 05:00 am
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US:NASDAQ Investor Relations:
investor.signatureny.com/investor-relations
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Source: BNN Bloomberg
New York City Employees' Retirement System, or NYCERS, will invest as much as $60 million in a partnership, led by the Community Preservation Corp., that will preserve nearly 35,000 rent-stabilized units affected by the Signature Bank's sudden collapse last March, city Comptroller Brad Lander said Tuesday. The fund will own a 25% stake in the partnership, which also includes Related Fund Management and Neighborhood Restore HDFC. Signature Bank was one of a handful of regional banks that collapsed in 2023. Its failure sparked anxiety among tenants and elected officials in New York City about how it would impact the bank's loan portfolio of rent-stabilized buildings. New York bank regulators put Signature Bank into receivership last March after they lost faith in management and depositors fled. The Federal Deposit Insurance Corp. set up ventures to offload $33 billion of commercial-property loans held by Signature. In December, the FDIC sold a 5% equity interest in two ventures bac
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News
- Signature Bank (NASDAQ: SBNY) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- NYCB acquired Signature Bank assets with total fair value of $37.8 billion [Yahoo! Finance Canada]Yahoo! Finance Canada
- NYCB acquired Signature Bank assets with total fair value of $37.8 billion [Yahoo! Finance]Yahoo! Finance
- NYCB acquired Signature Bank assets with total fair value of $37.8 billion [Yahoo! Finance Canada]Yahoo! Finance Canada
- Signature Bank (NASDAQ: SBNY) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat