Dec 20 (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.

https://www.reuters.com/markets/us/fdic-run-signature-bridge-bank-sells-20-stake-entity-holding-9-bln-cre-portfolio-2023-12-20/