Brookfield complained to the Federal Deposit Insurance Corporation over the way it handled the auction of Signature Bank loans, the Financial Times reports, citing a Dec. 7 letter addressed to the banking regulator.
- Brookfield says it heard that “a winning bidder has been selected and that this bidder’s price is lower than ours”
- Intends to launch a formal protest if that’s accurate
- Brookfield and the FDIC declined to comment: FT
- NOTE:
Blackstone Is Lead Bidder in Signature Property-Loan Sale
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