LoanDepot's unit transfers $225 mln from FDIC-run Signature Bridge Bank

loanDepot

15/03/2023 10:16

March 15 (Reuters) - LoanDepot.com LLC, an indirect unit
of non-bank lender loanDepot Inc  LDI.N , transferred $225
million of corporate cash balances held at FDIC-operated
Signature Bridge Bank to a large money center bank on Tuesday,
according to a filing on Wednesday.

 (Reporting by Mehnaz Yasmin in Bengaluru; Editing by Savio
D'Souza)
 ((Mehnaz.Yasmin@thomsonreuters.com;))