Seeking Alpha

Signature Bank: When Preferred Equity Goes To Zero

Last night the New York state's Department of Financial Services took over Signature Bank. The regulator created a new entity, Signature Bridge Bank, which will hold Signature Bank's assets of $110.4B ...
Seeking Alpha

First Republic: When Preferred Equity Goes To Zero, Part 2

The First Republic preferred shares are down over -70% in the past week. Regulators are set to restructure FRC this weekend, either by taking it into receivership or creating a new bridge bank entity ...