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...New York Community Bancorp and its chief risk officer parted ways shortly before the regional US lender reported larger than expected losses from real estate lending that hammered the bank’s stock....
...New York Community Bancorp shares shed a quarter of their value on Friday after the regional lender disclosed it had replaced its chief executive and identified “material weaknesses” in internal controls...
...Shares of New York Community Bancorp plunged on Wednesday after the lender that bought failed Signature Bank in the middle of last year’s regional banking turmoil cut its dividend to boost its capital and...
...The 44 per cent collapse in New York Community Bancorp’s share price this week is a reminder of how tough navigating these two roadblocks will be....
...New York Community Bancorp, with $115bn or so in assets, is having serious problems, and the broad market (here represented by the S&P 1500) indifferent: Admittedly the regional bank index is underperforming...
...New York Community Bancorp shares fell 38% on Wednesday, partly on worries about the bank’s exposure to commercial real estate....
...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...
Regional lender’s shares plunge 40% but recover following news of a deal to shore up its finances
Industry earnings weighed down by one-off charges to replenish federal deposit insurance after regional banking crisis
...US regional lender New York Community Bancorp has sought to reassure inventors that it is still taking in new deposits, after a week in which its share price has more than halved and it was downgraded to...
Investors including former Treasury secretary Steven Mnuchin stand to make hundreds of millions on bailout
...He had previously said the Model 2 would require a new “revolutionary manufacturing system” at factories in Austin, Texas, as well as in Mexico....
...Regional US lender New York Community Bancorp on Wednesday revealed it had taken large losses on loans tied to commercial property, while Japan’s Aozora Bank and Deutsche Bank on Thursday warned about the...
...He previously worked for Sidley Austin....
...SXSW, the Austin-based festival/occasional tech conflagration, is struggling with blowback because of the US Army’s “super sponsorship” of the event: And now this CNBC interview with Palantir CEO Alex Karp...
...Tuesday’s share price drop extended the plunge in the Austin-based carmaker’s stock this year to 33 per cent, making it one of the worst performers in the S&P 500 with a trajectory that continues to diverge...
...that screening three live programmes a week will allow it to capture the large and loyal fan base for a show that helped launch the careers of Dwayne “The Rock” Johnson, John Cena and “Stone Cold” Steve Austin...
...The pair, who have traded supportive messages over the past year on Musk’s X platform, met at Tesla’s factory in Austin, Texas, and discussed “the need to liberate markets” and “the importance of eliminating...
...“Loan growth is tepid across the industry,” Andrew Cecere, chief executive of US Bancorp, told analysts on its earnings call this week. “Demand for loans is quite low.”...
Motor racing expands its audience in America on the back of Netflix docu-series and successful races in Miami, Austin and Las Vegas
...Tesla already has strong ties to Texas, having moved its headquarters to Austin from Silicon Valley as Musk railed against California’s lockdowns during the coronavirus pandemic....
...One big winner was the Newhouse family, who through Advance Magazine Publishers Inc own Condé Nast, which bought Reddit in 2006 for $10mn before spinning it out in 2011....
...Austin-based Tesla is not alone in confronting a tougher market as higher interest rates and concern in some countries over charging infrastructure curb demand for electric vehicles....
...So when Netflix and WWE announced a 10-year, $5.5bn deal this week to stream Raw — the wrestling show that launched the careers of Dwayne “The Rock” Johnson, John Cena and “Stone Cold” Steve Austin — it...
...Sodergren said the company has been expanding its investments in semiconductors in the past six or seven years, including a new site in Austin, Texas, and an expanded team in Sweden....
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