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Ben Emons, head of fixed income for NewEdge Wealth, noted that banks trading for less than $5 a share are perceived by markets as being at risk for government seizure. NYCB stock notched a 52-week ...
Beleaguered regional lender New York Community Bank is receiving a more than $1 billion equity investment.. The majority of the investment, $450 million, is coming from former Treasury Secretary ...
Customers of New York Community Bank pulled $6 billion worth of deposits between February 5 and March 5, leaving the bank’s deposit base 7% lower, at $77 billion.
Troubled regional lender New York Community Bancorp attempted to reassure investors Wednesday that it has enough cash to stay afloat after the stock shed about 60% of its value over the past eight ...
The NYCB deal helped the FDIC absorb some of the costs associated with those failures. By the end of 2023, NYCB had $116 billion in assets, making it one of the country’s 30 largest banks and ...
NYCB on Tuesday highlighted what it called its "deposit stability," noting that total deposits of $83 billion were up from $81.4 billion at the end of 2023. Its uninsured deposits were $22.9 ...
The turmoil at NYCB is also dragging down the value of other regional bank stocks and stoking new concerns about the industry's vulnerability to commercial real estate that is suddenly worth less ...
The stock of New York Community Bancorp rose as much as 5% in premarket trading Wednesday after announcing Tuesday night that JPMorgan Chase has agreed to purchase $5 billion of its mortgages.