Diameter Capital's Goodwin sees value in failed Signature Bank's bonds, stock
03/04/2024 19:39
April 3 (Reuters) - Scott Goodwin, co-founder of credit
asset management firm Diameter Capital, said he sees value in
investing in bonds and stocks of failed Signature Bank.
Goodwin said at the Sohn Conference, in New York, that
recent joint-ventures sealed by the Federal Deposit Insurance
Corp-run Signature Bridge Bank with real estate investors such
as Blackstone are likely to allow the bank's securities to
generate returns within five years.
(Reporting by Carolina Mandl in New York)
((Manya.Saini@thomsonreuters.com;))
Recent news on Signature Bank
See all newsUS appeals court revives Signature Bank collapse lawsuit despite FDIC objection
Europe less able than US to contain crypto-bank shocks, UniCredit director says
Former Signature Bank executives launch blockchain-based bank
FDIC countersues Capital One over Silicon Valley, Signature bank collapses
FDIC fires new employees as part of broader government layoffs