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NEW YORK, March 13, 2023 /PRNewswire/ -- Bunge Limited (NYSE: BG) will replace Signature Bank (NASD: SBNY) in the S&P 500 effective prior to the opening of trading on Wednesday, March 15. The Federal Deposit Insurance Corporation (FDIC) announced that it has taken Signature Bank into FDIC Receivership and therefore Signature Bank is no longer eligible for inclusion.
Following is a summary of the changes that will take place prior to the open of trading on the effective date:
Effective Date | Index Name | Action | Company Name | Ticker | GICS Sector |
March 15, 2023 | S&P 500 | Addition | Bunge | BG | Consumer Staples |
S&P 500 | Deletion | Signature Bank | SBNY | Financials |
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