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

The hedge fund manager says Bank of America is going to buy Signature Bank on Monday. Risk-off worsens across the board for banking stocks. Get the Strategy to Trade Pre-Fed Setups and Post-Fed ...

March 17 (Reuters) - Bill Ackman in a tweet on Friday said Bank of America , opens new tab is going to acquire Signature Bank , opens new tab on Monday, without citing the source of information.

In a bid to quell additional bank runs, the Federal Deposit Insurance Corp. is insuring all deposits at Silicon Valley Bank and Signature Bank, disregarding the $250,000 cap.

Bank of America, one of the country’s biggest institutions, has been making headlines for all the wrong reasons. ... The 2023 Collapse of SVB and Signature Bank. Credit: Reddit.