Nasdaq Halts Signature Bank

Rhea-AI Summary

The Nasdaq Stock Market (Nasdaq: NDAQ) announced a trading halt for Signature Bank (Nasdaq: SBNY; SBNYP) on March 13, 2023, at 04:00:01 Eastern Time. The last sale price before the halt was $70.00 for SBNY and $11.90 for SBNYP. The trading suspension is due to a request for additional information from Nasdaq, which will remain in effect until the bank fulfills this request. Investors are advised to monitor the situation closely as it may impact stock performance.

Positive

• None.

Negative

• Trading halted due to Nasdaq's request for additional information could signal potential issues with Signature Bank's operations.
• Increased scrutiny from Nasdaq may lead to uncertainty among investors.

NEW YORK, March 13, 2023 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market^® (Nasdaq: NDAQ) announced that trading was halted on March 13, 2023 in Signature Bank (Nasdaq: SBNY and SBNYP) at 04:00:01 Eastern Time for "additional information requested” from the company at a last sale price of $70.00 (Nasdaq: SBNY) and $11.90 (Nasdaq: SBNYP).

Trading will remain halted until Signature Bank has fully satisfied Nasdaq’s request for additional information.

For news and additional information about the company, please contact the company directly or check under the company’s symbol using InfoQuotes^SM on the Nasdaq^® Web site.

For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://www.nasdaq.com.

Nasdaq Media Contact:

Sophia Weiss
sophia.weiss@nasdaq.com

NDAQO

FAQ

Why was trading halted for Signature Bank on March 13, 2023?

Trading for Signature Bank was halted by Nasdaq for additional information requested from the company.

What was Signature Bank's last sale price before trading was halted?

The last sale price for Signature Bank (SBNY) was $70.00 before trading was halted.

What is the significance of Nasdaq's request for additional information regarding Signature Bank?

Nasdaq's request for additional information indicates potential concerns about Signature Bank's financials or operations, impacting investor confidence.

How does a trading halt affect investors holding Signature Bank stocks?

A trading halt prevents buying or selling the stock, creating uncertainty for investors until the reasons for the halt are clarified.

What is the ticker symbol for Nasdaq?

The ticker symbol for Nasdaq is NDAQ.