Mar 13, 01:49 PM

Billionaire Barry Sternlicht's Porticoes Capital to Acquire Failed Banks in $66.3B SPAC Deal

Billionaire Barry Sternlicht is involved in a SPAC deal with his own firm, Porticoes Capital, which aims to acquire failed banks closed by the FDIC. The move comes as 52 banks on the FDIC's 'Problem Bank List' totaling $66.3 billion present an opportunity for change.

#Barry Sternlicht #Porticoes Capital #FDIC #Problem Bank List

Written with ChatGPT (GPT-3).

Sources

The Daily Upside@TheDailyUpside
2 years ago
Porticoes Capital is betting on busted banks, seeking to buy failed lenders closed by the FDIC, per @FinancialTimes. With 52 banks on the FDIC's 'Problem Bank List' totaling $66.3 billion, change is on the horizon. https://t.co/sh6ckThrT8
The Daily Upside@TheDailyUpside
2 years ago
Porticoes Capital is betting on busted banks. The blank check company is seeking to buy failed lenders that are closed by the FDIC, according to regulatory filings reported on by the @FinancialTimes. With 52 banks on the FDIC's 'Problem Bank List,' totaling $66.3 billion, change…
Kumar@datarade
2 years ago
Remember his SPACS? https://t.co/VwzUaqppHJ

Billionaire Barry Sternlicht's Porticoes Capital to Acquire Failed Banks in $66.3B SPAC Deal

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