NEW YORK, March 20 (Xinhua) New York Community Bancorp, Inc. announced on Monday that its wholly-owned subsidiary Flagstar Bank, N.A. has acquired partial assets of Signature Bridge Bank N.A. from the Federal Deposit Insurance Corporation (FDIC).
The collapse of California-based Silicon Valley Bank (SVB) sent investors scrambling toward bonds and gold to keep their assets safe. SVB failed on March 10 after a bank run depleted its funds. [.]