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New York Community Bancorp lost 7% of its deposits in one month, highlighting the challenges facing a new investor group led by Steve Mnuchin as it outlined its turnaround strategy Thursday.
On Thursday’s call, NYCB also announced it’s slashing its dividend to one penny a share. This comes after the company announced in January it was cutting its dividend from $0.17 a share to $0. ...
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 bank’s latest troubles come just one month after NYCB reported it would slash dividends after reporting a surprise loss of $252 million last quarter, compared to a $172 million profit in the ...
Shares of the troubled lender plunged 25% Friday to below $4 apiece after NYCB restated recent quarterly earnings lower by $2.4 billion, formally replaced its CEO and delayed the release of a key ...
The bank has grown through deals: NYCB acquired Flagstar in December 2022, making it one of the top 25 regional banks, with $88.4 billion of assets, and last year scooped up some assets and ...
Now the $114 billion bank, one of the 30 largest in the US, said in a new filing that the fourth quarter loss was amended to $2.7 billion due to a new $2.4 billion "goodwill" non-cash impairment ...
The former bank examiner said "building confidence" with Wall Street about NYCB's deposits and liquidity would be the bank’s No. 1 priority going forward. Most other large and midsized lender ...