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NYCB was founded on April 14, 1859, in Flushing, Queens, as Queens County Savings Bank, [3] and changed its name on December 15, 2000, to New York Community Bank to better reflect its market area beyond Queens. In 1993, the company became a public company via an initial public offering. [3]
Payment cards are part of a payment system issued by financial institutions, such as a bank, to a customer that enables its owner (the cardholder) to access the funds in the customer's designated bank accounts, or through a credit account and make payments by electronic transfer with a payment terminal and access automated teller machines (ATMs ...
The bank “negligently made” materially misleading statements after a hack that resulted in the theft of 1.5 million customers’ personally identifying information. Flagstar Bank must pay $3.5 million to the Securities and Exchange Commission for making allegedly misleading statements about a 2021 cyberattack, the agency said this week.
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.
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Shares of New York Community Bancorp (NYSE: NYCB) have lost roughly two-thirds of their value over the past year. Meanwhile, the average bank stock, using the SPDR S&P Bank ETF as an industry ...
New York Community Bancorp (NYSE: NYCB) is not the first bank to run into financial trouble, cut its dividend, and accept a bailout. In fact, iconic Bank of America (NYSE: BAC) did each of those ...