Hints and tips:
...“Tully said make me an offer and that’s what it took,” said one of the people....
...NYCB shares at one point dropped more than 10 per cent early on Thursday, but reversed course to trade 2 per cent higher in mid-morning trading....
...NYCB said one member of its board, Hanif Dahya, had resigned because he did not support DiNello’s appointment as chief executive....
...NYCB had been seen as one of the winners of the 2023 crisis that sank Signature, Silicon Valley Bank and First Republic....
...Executives said the acquisition of Signature Bank, one of the regional banks that collapsed last year, pushed NYCB’s assets above a $100bn regulatory threshold....
...One good read Is private equity worth it?...
...Profits were dragged down by one-off charges linked to last year’s regional banking crisis....
...Shares in New York Community Bancorp meanwhile fell by a quarter on Friday after the regional lender delayed its annual report, saying it had found material weaknesses in the internal controls that guide...
...New York Community Bancorp talks as though it has turned a corner....
...One good read Nicotine addiction, now in pouch form....
...One could argue that, before this week, shareholders expected regulators to make banks buy their failing peers before their shares got zeroed out....
...PacWest Bancorp said it has lost one-fifth of its deposits so far this year, but that it has secured $1.4bn in fresh financing from Apollo-backed investment firm Atlas SP Partners....
...The US has had its latest bank panic and emergency rescue in the form of New York Community Bancorp....
...Now, in the case of New York Community Bancorp, I will say that there is at least one important extenuating circumstance: that this bank did two big acquisitions in the last couple of years, the second of...
...And one note from team DD: We’ve made it to the final DD edition of this year....
...There are plenty of signs of financial distress, with one Canary Wharf building selling for a 60 per cent discount on its previous price, and shares in New York Community Bancorp dropping on fears over its...
...A small German mortgage lender has become one of Europe’s most bet-against stocks as it battles a surge in souring loans tied to US commercial property....
...And because New York Community Bancorp has given investors a scare, and as the Fed’s BTFP facility starts to wind down, it’s worth revisiting....
...The regulatory disclosure on Monday also showed Berkshire exited its positions in US Bancorp and Bank of New York Mellon in the first quarter....
...PacWest, one of the hardest-hit lenders from the regional banking crisis, has agreed to merge with Banc of California in a sign that the fallout from the collapse of Silicon Valley Bank continues to reverberate...
...Separately, the real estate driven horror show at New York Community Bancorp continues to rumble on....
...Last year it bought a $3.5bn loan portfolio from PacWest Bancorp, which was then desperate to raise liquidity. Together with RXR, it has seeded the new fund with $500mn....
...Shares in US regional lender New York Community Bancorp fell by more than half and its credit rating was downgraded to “junk” status by Moody’s this month after it reported higher-than-expected losses from...
...Zions’ letter was one of more than 200 submitted to the FDIC during its 60-day comment period....
...Unfortunately, one of those new owners was FTX. The crypto firm’s demise took Moonstone’s plans for expansion with it....
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