New York City sued the Federal Deposit Insurance Corp. in its capacity as receiver for the failed Signature Bank, saying the U.S. regulator owes about $44 million in unpaid municipal taxes.
The city’s department of finance audited Signature after the bank
Earlier this month, New York filed a
The city finance department said it sued because the FDIC had rejected New York’s request in July for payment of back taxes.
The FDIC declined to comment on the suit.
The FDIC has been under pressure following recent claims of a
The case is NY v. Federal Deposit Insurance Corp., 24-cv-00629, US District Court, Southern District of New York (Manhattan).
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