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The pressure on NYCB’s operations and profitability amid elevated interest rates and a murky outlook for loan defaults has raised questions as to whether NYCB, a serial acquirer of banks until ...
Shares of NYCB have plunged more than 60% this year but bounced back slightly on Thursday with news of the investment, adding close to 6%. The stock was up again Friday morning, but those gains ...
The irony of New York Community Bancorp’s current predicament is that it can be partly traced back to the company's attempts to play the role of rescuer during the 2023 crisis when it stepped in ...
This reversed a seven-day slide that saw NYCB’s stock plunge by nearly 60% to close at $4.20 Tuesday. NYCB is one of the biggest regional banks in the U.S., with $116.3 billion of assets as of ...
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. ...
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 ...
The transaction is scheduled to close by March 11 and is still subject to regulatory approvals. Otting and DiNello held a call with analysts Thursday to explain their plans for the bank going forward.