FDIC Launches Mega Sale: Signature Bank's $18.5B Loan Portfolio On The Market
Portfolio Pulse from Piero Cingari
The Federal Deposit Insurance Corp. (FDIC) has initiated the sale of a loan portfolio valued at $18.5 billion held by Signature Bank. The portfolio includes 201 performing capital-call loans linked to firms such as Starwood Capital Group, Carlyle Group Inc., Blackstone Inc., Thoma Bravo, and Brookfield Asset Management Ltd. Newmark Group Inc. will manage the sale, which is expected to conclude in September. The FDIC aims to unload approximately $60 billion worth of loans from Signature Bank.
July 28, 2023 | 9:04 pm
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NEUTRAL IMPACT
Brookfield Asset Management Ltd. is linked to the loan portfolio being sold by the FDIC. The sale could potentially impact the firm's financial standing.
The sale of the loan portfolio could potentially impact Brookfield Asset Management's financial standing, depending on the terms of the loans and the outcome of the sale. However, the exact impact is uncertain without more specific information.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Blackstone Inc. is linked to the loan portfolio being sold by the FDIC. The sale could potentially impact the firm's financial standing.
The sale of the loan portfolio could potentially impact Blackstone's financial standing, depending on the terms of the loans and the outcome of the sale. However, the exact impact is uncertain without more specific information.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Carlyle Group Inc. is linked to the loan portfolio being sold by the FDIC. The sale could potentially impact the firm's financial standing.
The sale of the loan portfolio could potentially impact Carlyle Group's financial standing, depending on the terms of the loans and the outcome of the sale. However, the exact impact is uncertain without more specific information.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Newmark Group Inc. will manage the sale of the loan portfolio held by Signature Bank. This could potentially impact the firm's operations and revenues.
As the entity managing the sale, Newmark Group could potentially see an impact on its operations and revenues. The successful management of the sale could enhance the firm's reputation and potentially lead to increased revenues.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 75