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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