Signature Bridge Bank: US looks to offload $13 bln of mortgage bonds seized from SVB, Signature - Bloomberg News
The U.S. government is looking to offload nearly $13 billion of mortgage bonds it amassed from Silicon Valley Bank and Signature Bank following the collapse of the lenders, Bloomberg News reported on Tuesday, citing people with knowledge of the transactions.
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Signature Bank is a New York-based financial firm that provides personal and commercial banking products and services for individuals and businesses.
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