New York Governor Kathy Hochul says the takeover of Signature Bank by federal regulators on Sunday “was not a bailout" that would come from taxpayer funds. "The banks are open, everything is fine. Now the FDIC is in charge of the bank," she says at a press briefing on Monday. -------- Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: Connect with us on... Twitter: Facebook: Instagram: ... ( read more )
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Kathy Hochul, the Governor of New York, has recently made headlines for her role in the financial rescue of Signature Bank – a move that she claims is not a bailout. According to Hochul, the rescue is part of a larger effort to support small businesses in the wake of the COVID-19 pandemic, and is intended to prevent u
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