BLOOMBERG Customers Bancorp Inc purchased $631 million of loans that belonged to Signature Bank, the latest example of a financial firm snapping up at a steep discount assets associated with a failed US lender. The purchase from the Federal Deposit Insurance Corp (FDIC) was at 85% of the portfolio’s book value, the West Reading, Pennsylvania-based bank said in a statement. …

BLOOMBERG Nationwide Building Society and Atom Bank Plc announced increases in mortgage rates, joining a flurry of UK lenders who are raising prices in response to inflation. Nationwide said in an email that it would raise fixed rates by as much as 0.7%, while Atom Bank announced increases from 0.25% to 0.6%  on certain products due that same day. “With …

BLOOMBERG Bangladesh’s central bank raised interest rates and said it will allow the currency to float freely, pledging to keep monetary policy tight to rein in inflation at a decade high. The repurchase agreement rate will increase 50 basis points to 6.5%, Governor Abdur Rouf Talukder said at a briefing in Dhaka. The reverse repo rate was renamed the standing …