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The new disclosure is the latest twist in a two-week-long saga roiling one of the country's top 30 banks. NYCB's stock began falling on Jan. 31 when it surprised analysts by slashing its dividend ...
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 ...
Regional lender New York Community Bank finds itself in an apparently worsening predicament, just as the anniversary of last year’s banking turmoil nears.. Shares of the troubled lender plunged ...
New York Community Bancorp's troubles can be traced back to how it responded to a crisis that roiled the regional banking world in 2023 and took down three sizable regional banks: Silicon Valley ...
Embattled New York Community Bancorp announced a lifeline of more than $1 billion from a group of investors on Wednesday, after seeing its stock plunge by more than 80% this year. The announcement ...
New York Community Bancorp disclosed the exit of CEO Thomas Cangemi, weaknesses in its internal controls, and a tenfold increase in its fourth quarter loss to $2.7 billion.
NYCB surprised last week, when on Jan. 31 the bank reported a fourth quarter loss of 36 cents a share that missed Wall Street expectations. It also slashed its dividend by 71% to 5 cents a share.
New York Community Bancorp made a dramatic attempt to regain investor confidence by announcing a $1 billion infusion from a group that includes former Treasury Secretary Steven Mnuchin.