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A new team began cutting the bank’s exposure to commercial real estate while selling businesses, cutting costs, and laying off employees. ... Mich.-based lender that NYCB acquired in December 2022.
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 ...
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 ...
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.
The sudden plummet in stock price and downgrade by Moody’s led to worries of a bank run by uninsured deposits — those with more than $250,000 in their accounts.
Its stock jumped after the market open Thursday, and it ended the day up nearly 6%. ... N.Y.-based company. ... He also told one analyst who asked about the costs NYCB is paying for deposits that ...
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 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 ...