The Federal Deposit Insurance policies Corp. could announce a deal for Signature as shortly as this 7 days, claimed the folks, who questioned to not be discovered because the subject isn’t general public. No remaining selection has been created and talks could collapse. Representatives for New York Group Bancorp and the FDIC did not immediately reply to messages trying to get comment.
Signature Financial institution, based mostly in New York, was seized by the government this thirty day period after regulators shed religion in management and depositors fled.
— With assistance by Gillian Tan and Jennifer Surane