{"id":36244,"date":"2023-05-05T22:39:31","date_gmt":"2023-05-05T22:39:31","guid":{"rendered":"https:\/\/lynettelockhart.com\/client\/fdic-mulls-loss-sharing\/"},"modified":"2023-05-05T22:40:54","modified_gmt":"2023-05-05T22:40:54","slug":"fdic-mulls-loss-sharing-with","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/fdic-mulls-loss-sharing-with\/","title":{"rendered":"FDIC mulls loss-sharing with nonbanks to boost bids on failed lenders &#8211; Bloomberg News"},"content":{"rendered":"<p>(Reuters) -The U.S. Federal Deposit Insurance Corp (FDIC) is mulling whether to offer loss-sharing agreements to private equity firms and other nonbanks that buy parts of failed lenders, after it was left holding a large portfolio of Signature Bank loans following its collapse, Bloomberg News reported on Friday.<\/p>\n<p>Since the FDIC does not regulate nonbanks, the firms cannot bid for an entire lender but such a move could entice them to buy loans and assets at a discount from collapsed institutions and help the FDIC get higher bids, the report said.<\/p>\n<p>The FDIC did not immediately respond to a Reuters request for comment. <\/p>\n<p>Earlier this week, JPMorgan entered into a loss-sharing agreement with the FDIC when it agreed to assume all of First Republic&#8217;s deposits but share losses on certain portfolios including residential and commercial loans.  <\/p>\n<p>Last month, the FDIC retained asset manager BlackRock&#8217;s financial markets advisory unit to sell two portfolios with face values of nearly $27 billion and $8 billion, according to its website, after the collapse of Signature Bank and Silicon Valley Bank.<\/p>\n<p> (Reporting by Mehnaz Yasmin and Juby Babu in Bengaluru; Editing by Arun Koyyur)<\/p>\n<p><a href=\"https:\/\/lynettelockhart.com\/client\/fdic-mulls-loss-sharing\/file-photo-fdic-insured-sign-is-displayed-at-a-first-5\/\"><img decoding=\"async\" src=\"https:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ440SG-VIEWIMAGE.jpg\" alt=\"tagreuters.com2023binary_LYNXMPEJ440SG-VIEWIMAGE\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) -The U.S. Federal Deposit Insurance Corp (FDIC) is mulling whether to offer loss-sharing agreements to private equity firms and other nonbanks that buy parts of failed lenders, after it was left holding a large portfolio of Signature Bank loans following its collapse, Bloomberg News reported on Friday. Since the FDIC does not regulate nonbanks, [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":36245,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1213],"tags":[1223],"class_list":["post-36244","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-business","tag-updated"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ440SG-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/36244","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=36244"}],"version-history":[{"count":2,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/36244\/revisions"}],"predecessor-version":[{"id":36258,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/36244\/revisions\/36258"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/36245"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=36244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=36244"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=36244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}