News with the tag "NYCB"

Every financial tempest leaves behind a trail of victors and vanquished. Amid the chaos of regional bank downturns in March 2023, New York Community Bancorp emerged, seemingly unscathed, clutching newly acquired pieces of Signature Bank in its victory lap. Fast forward a year, and the tables have tu...

This weekend, many are intrigued by the potential outcomes following the cessation of the U.S. Federal Reserve’s Bank Term Funding Program (BTFP), launched amidst the significant banking collapses in March 2023. Some argue that the banking turmoil is far from over, suggesting it has merely been post...

Reports tell us that the New York Community Bank (NYCB) has been chatting up non-bank players interested in buying some of their loans. They’re also teasing us with a new business strategy set to drop next month, says the new boss. In the meantime, they cut their income again and let it slip that th...

An ailing New York bank just announced an injection of $1 billion in capital in a push to stay afloat. New York Community Bank says the infusion was led by former U.S. Treasury Secretary Steven Mnuchin’s Liberty Strategic Capital, as well as Hudson Bay and Reverence Capital. In a press release, Mnuc...

A New York bank with $113.9 billion in assets is reportedly in trying to raise cash as its stock nosedives 40% in a matter of hours. New York Community Bank’s (NYCB) stock fell so far so fast that trading was halted “pending imminent news,” according to multiple reports. The Wall Street Journal says...

A New York bank with $113.9 billion in assets is on the brink after revealing its balance sheet is far worse than investors already knew. New York Community Bank (NYCB) initially triggered fears of a wider banking crisis when Moody’s downgraded its credit rating last month due to “multi-faceted fina...

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This week, during a recent interview, the renowned geo-macro economist and acclaimed author Dr. Nomi Prins shared insights on the Federal Reserve’s future actions, particularly regarding whether the central bank will reduce the federal funds rate come March. Prins mentioned that we might see a form ...

Arthur Hayes, former CEO of crypto exchange Bitmex, has predicted a remarkable surge in the price of bitcoin, envisioning it reaching $1 million amidst anticipated banking bailout measures and significant money printing by the Federal Reserve. Hayes expects the troubled New York Community Bancorp (N...

Just one week following a dramatic plunge in New York Community Bancorp’s shares, which tumbled 40% in a single day at January’s close, Moody’s Investors Service downgraded the bank’s credit rating to junk status. The bank’s troubles have ignited concerns over a potential banking contagion that cont...