(Bloomberg) Customers Bancorp Inc. purchased $631 million of venture-banking loans from the Federal Deposit Insurance Corp., paying about 85% of the portfolio’s book value, and is adding a team of bankers that had worked on the financing.Most Read from BloombergAfrica’s Richest City Is Crumbling Under Chaos and CorruptionA Goldman Partner’s Sexually Explicit Video Led to Millions in SettlementCrispin Odey’s One-Week Downfall Was Decades in the MakingSocial Security Benefits Targeted for Cuts
Customers Bancorp buys $631 million loan portfolio from FDIC americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.
The Philadelphia-based company will eliminate an undisclosed number of jobs as part of a plan to refocus on core business lines and markets, CEO Thomas Geisel said.
The Philadelphia-based company will eliminate an undisclosed number of jobs as part of a plan to refocus on core business lines and markets, CEO Thomas Geisel said.
(Reuters) - U.S. regulators are set to release confidential details of their oversight of Silicon Valley Bank and Signature Bank in the run-up to the sudden collapses of the regional lenders last month, even as another large financial institution's struggle for survival in the wake of those implosions plays out in real time. | 06:10am