The FDIC (Federal Deposit Insurance Corporation) has introduced {that a} financial institution in New York has agreed to purchase a part of the deposits and belongings of a signature financial institution that went bankrupt on the twelfth of this month.
Up to $ 300 million, equal to roughly 40 billion yen, shall be paid to the FDIC that took over the belongings.
Source
NY State Bank agrees to accumulate some financial institution deposits, and so forth. that failed this month FDIC introduced | NHK
