Feb. 24 at 6:13 PM
$SBNY . Some important dates:
March 12, 2026, three years anniversary of SBNY confiscation and receivership. How time flies!
March 30, 2026, due date for the final collection of DIF loss of
$16.7 billion from SRE( SVB 16.1B, SBNY 0.6B) The initial amount was
$19.3 billion but was revised when the special assessment rate was reduced last year from 3.36 to 2.97 basis points. It was reduced due to the higher than expected collection performance (primarily by Blackstone and Santander) and from future cash flow forecasts. If FDIC pauses on the rate or reduces it then that’s a good sign.
April 13 and 29, earnings call dates for Blackstone and Santander . Here we find out their performance on the JV’s.
July 13, 2026 trial date for the
$1.9 billion SVB lawsuit against FDIC. The result will impact the 16.7 billion DIF loss and indirectly impact SBNY. If FDIC wins, the better. You can research on this.