for the record. not because any of the morons here would understand the implications.
Blackstone-led joint venture pays $1.2B for stake in Signature Bank real estate portfolio
A joint venture led by investment giant Blackstone has taken a 20% interest in Signature Bank's commercial real estate loan portfolio, the Federal Deposit Insurance Corp. announced late Thursday afternoon.
https://www.crainsnewyork.com/real-estate/blackstone-led-joint-venture-pays-12b-stake-signature-bank-commercial-real-estate