Morgan Stanley to buy $700 million property loans tied to failed Signature Bank, Bloomberg News reports

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Morgan Stanley to buy $700 million property loans tied to failed Signature Bank, Bloomberg News reports
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Tentative trial dates set for four teens charged with murder | SaltWire #newsupdate #halifax #court - Morgan Stanley has struck a deal with an investor group to buy $700 million of property loans tied to the failed Signature Bank, Bloomberg News reported on Wednesday citing people familiar with the matter.

The loans were held by a cohort including asset management giant Blackstone, Canada Pension Plan Investment Board and investment manager Rialto Capital.The group owns a 20% stake in a venture that holds Signature Bank's commercial real estate loan portfolio. Spokespeople for Morgan Stanley, Blackstone and CPPIB did not immediately respond to Reuters' requests for comment.It has been our privilege to have the trust and support of our East Coast communities for the last 200 years. Our SaltWire team is always watching out for the place we call home. Our 100 journalists strive to inform and improve our East Coast communities by delivering impartial, high-impact, local journalism that provokes thought and action.

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