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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.
DiNello, who has been on the bank’s board since its buy of Flagstar in December 2022, said on a conference call Wednesday that the bank would, if needed, shrink its balance sheet by selling non ...
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.
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 ...
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 ...
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 ...
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 ...