Economic news
FDIC mulls loss sharing with nonbanks to boost bids on failed lenders – Bloomberg News
2023.05.05 18:41
© Reuters. FILE PHOTO: A sign reads “FDIC Insured” on the door of a branch of First Republic Bank in Boston, Massachusetts, U.S., March 13, 2023. REUTERS/Brian Snyder/File Photo
(Reuters) – The U.S. Federal Deposit Insurance Corp (FDIC) is examining whether to offer loss-sharing agreements to private equity firms and other nonbanks that buy parts of failed lenders, after it was left holding a large portfolio of Signature Bank (OTC:) loans following its collapse, Bloomberg News reported on Friday.
