Tags: bill ackman | bank of america | signature

Bank of America to Buy Signature, Bill Ackman Tweets

Bank of America to Buy Signature, Bill Ackman Tweets
(Alastair Pike/Getty Images)

Friday, 17 March 2023 03:46 PM EDT

Bill Ackman in a tweet on Friday said Bank of America is going to acquire Signature Bank on Monday, without citing the source of information.

"I am hearing that @BankofAmerica is going to buy Signature Bank on Monday. Unless and until we can protect uninsured deposits, the cost of capital is going to rise for smaller banks pushing them to merge or be acquired by the SIBs. I don’t think this is good for America," he said in the tweet.

Signature Bank did not immediately respond to a Reuters request for comment. Bank of America declined to comment.

© 2024 Thomson/Reuters. All rights reserved.


StreetTalk
Bill Ackman in a tweet on Friday said Bank of America is going to acquire Signature Bank on Monday, without citing the source of information.
bill ackman, bank of america, signature
98
2023-46-17
Friday, 17 March 2023 03:46 PM
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