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Regional lender New York Community Bancorp delayed its plan to become profitable to 2026, offering a new reminder that commercial real estate problems are not totally in the rear-view mirror of US ...
Moody’s is keeping New York Community Bancorp’s credit rating on review, signaling further downgrades are possible. New York Community Bancorp did not immediately respond to a request for comment.
Shares of New York Community Bancorp fell another 10.5% Wednesday after the bank's credit rating got downgraded to “junk” and investors worried the regional lender could suffer the same fate ...
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 ...
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. Signature was one of three sizable regional lenders that ...
NYCB underwent multiple acquisitions in the 2000s, acquiring Haven Bancorp for $196 million in 2000, [7] Richmond County Financial in an $802 million transaction in 2001, [8] asset manager Peter B. Cannell & Co. in 2002, [9] Roslyn Bancorp in a $1.6 billion transaction in 2003, [10] Long Island Financial in a $70 million transaction in 2005 ...
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.
Regional bank stocks are back in the hotseat thanks to a truly horrific financial report from New York Community Bancorp. On Wednesday, the regional lender reported a surprise loss of $252 million ...