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Banking, Business

“NYCB says it lost 7% of deposits in the past month, slashes dividend to 1 cent”

“New York Community Bank said Thursday it lost 7% of its deposits in the turbulent month before announcing a $1 billion-plus capital injection from investors led by former Treasury Secretary Steven Mnuchin’s Liberty Strategic Capital. The bank had $77.2 billion in deposits as… Continue Reading…

Banking, Real Estate, Stocks

“Shares of NYCB falls 25% after bank discloses ‘internal controls’ issue, CEO change”

“Shares of New York Community Bancorp fell more than 25% on Friday after the regional lender announced a leadership change and disclosed issues with its internal controls… NYCB has been under pressure in recent months due in part to concerns about its exposure to… Continue Reading…