Blackstone frontrunner in Signature Bank
commercial-property loan sale, Bloomberg reports
Nov 19 (Reuters) -
"Blackstone (BX.N) is in the lead to win the $17 billion portfolio of commercial-property loans from the U.S. Federal Deposit Insurance Corp's (FDIC) sale of Signature Bank debt, Bloomberg News reported on Sunday"
"In September, the FDIC was seeking buyers for the $33 billion commercial real estate loan portfolio of failed New York lender Signature Bank."
"The bidding process has brought in several finance companies such as Starwood Capital Group and Brookfield Asset Management (BAM.TO), according to Bloomberg News."
The big just keep getting bigger.
The concentration of wealth just rolls right along...
Revelation 6:6
Then I heard what sounded like a voice among the four living creatures, saying, “Two pounds[a] of wheat for a day’s wages, and six pounds of barley for a day’s wages, and do not damage the oil and the wine!”
(The rich keep getting richer
the poor keep getting poorer basically)
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