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Blackstone, CPPIB Take $1.2 Billion Stake in Signature Bank Deal

(Bloomberg) -- A joint venture that includes Blackstone Inc. and Canada Pension Plan Investment Board has won a stake in a nearly $17 billion portfolio of commercial-property loans from the failed Signature Bank. Most Read from BloombergRange Rovers Become Thief-Magnets, Causing Prices to TumbleOwner of the Philippines’ Largest Malls Says China Feud May Hurt BusinessesCiti Shuts Muni Business That Once Was Envy of RivalsUS Approves New Kind of Nuclear Reactor for First Time in 50 YearsEU ...
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Source: yahoo.com

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