BREAKING NEWS! Approximately $60 billion loan portfolio retained in receivership.
The key word is the FDIC "MARKETING" of the retained loan portfolio. That clearly indicated, $60 billion belong to Signature Bank.
"The FDIC expects to begin its MARKETING of the RETAINED loan portfolio of the former Signature Bank later this summer.
$60 billion loan portfolio if only a small portion of the loan portfolio REMAIN that amount should belong to the stakeholders. Do the math. The market cap now is 11 million dollars.
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