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  1. Understand what a Medallion Signature Guarantee is, why you might need one and how to obtain services free of charge from Bank of America. Learn more.

    • Overview

      Bank of America is here to help you with products, services...

  2. Bank of America is here to help you with products, services and resources that empower you to handle major life events with lower stress and greater ease. Learn more about notary, power of attorney, Medallion services and more.

  3. Mar 17, 2023 · March 17 (Reuters) - Bill Ackman in a tweet on Friday said Bank of America (BAC.N) is going to acquire Signature Bank (SBNY.O) on Monday, without citing the source of information.

  4. Mar 12, 2023 · State regulators closed New York-based Signature Bank on Sunday, the third largest failure in U.S. banking history, two days after authorities shuttered Silicon Valley Bank in a collapse that...

    • Signature Investigation
    • Winning Big
    • Dwindling
    • UK Budget
    • Coming Up…
    • What We’Ve Been Reading
    • And Finally, Here's What Eddie Is Interested in This Morning

    US prosecutors were investigating Signature Bank’s work with crypto clients before regulators suddenly seized the lender this past weekend. Justice Department investigators in Washington and Manhattan were examining whether the New York bank took sufficient steps to detect potential money laundering by clients. Financial watchdogs and Justice Depar...

    Bank of America mopped up more than $15 billion in new deposits in a matter of days, emerging as one of the big winners after the collapse of three smaller banks dented confidence in the safety of regional lenders. The inflows offer a first glimpse into the deluge of deposits that made its way to the country’s largest banks as customers fearful of ...

    Liquidity in the world’s largest bond market is evaporating as the US banking crisis muddies the outlook for the Federal Reserve’s monetary policy. Bid-ask spreads on two-, 10- and 30-year US government bonds jumped to the highest level in at least in six months on Tuesday, according to data compiled by Bloomberg. The deterioration in liquidity sig...

    UK Chancellor of the Exchequer Jeremy Hunt will pledge to drive economic growth by unblocking business investment in his first budget on Wednesday, in which he will set out tax-and-spend policies for the last full year before the next election. Prepared remarks released by the Treasury show that Hunt will pledge to “deliver the next part of our pla...

    European shares are headed for a muted start as investors weigha flurry of Chinese economic data and the implications of SVB's failure. Representatives of EU member states are due to start talks on a review of the price cap on Russian oil. Data include France CPI inflation and Italy unemployment. Inditex and BMW issue earnings reports.

    This is what’s caught our eye over the past 24 hours. 1. Web of secret chip deals allegedly help US tech flow to Russia. 2. How customers of SVB and Signature will get their money back. 3. China’s economy shows mixed recovery from Covid slump. 4. Apple delays bonuses for some staff as it scrutinizes costs. 5. UAE spy chief’s firm buys into ByteDanc...

    Sense, perhaps, has returned to the markets and traders are again pricing something like a 25-basis-point hike at this month’s Fed meeting. That makes sense, as the Fed’s expressed view is that monetary policy is a tool for controlling inflation. Financial stability is brought about by regulation, oversight and targeted intervention, as Jonathan Le...

    • Tassia Sipahutar
    • 4 min
  5. A Medallion Signature Guarantee is a special stamp that’s used when you transfer securities. It confirms that the signature authorizing the transfer is genuine and that the signer has the legal capacity and authority to sign the document.

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  7. Mar 13, 2023 · Signature Bank, a New York-based regional bank that became a leader in cryptocurrency lending, shuttered suddenly on Sunday, marking the third-biggest bank failure in U.S. history just two days...

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