FDIC-run Signature Bridge Bank sells 20% stake in entity holding $9 billion CRE portfolio

(Reuters) – The Federal Deposit Insurance Corporation, as the receiver of the failed Signature Bank, said on Wednesday it has sold a 20% equity stake in the entity that holds a $9 billion real estate loan portfolio.

The FDIC receiver added it will retain an 80% equity interest in the venture.

(Reporting by Manya Saini in Bengaluru; Editing by Shailesh Kuber)