Blackstone consortium wins latest Signature race

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Two small model men shake hands amid piles of coins. Image © Scully/imageBROKER/Shutterstock
A Blackstone-led consortium, comprising Canadian pension fund CPP Investments and real estate developer Rialto Capital, has won the bidding for the largest tranche of the Federal Deposit Insurance Corporation’s auction of Signature Bank. The FDIC absorbed the bank in March