THE Federal Deposit Insurance Corporation. could announce a deal for Signature as soon as this week, said the people, who asked not to be identified because the matter is not public. No final decision has been made and the talks could break down. New York Community Representatives Bancorp and the FDIC did not immediately respond to messages seeking comment.
Signature Bankbased in New York, was grasped by the government this month after regulators lost confidence in management and depositors fled.
— With help from Gillian Tan and Jennifer Surane