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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....
...— to 60— since the pandemic began, according to Stephen Ng, who leads the bank’s south-east Asia and south Asia operations....
...New York Community Bancorp’s core deposits shrunk by about $8bn, or nearly 40 per cent of its total uninsured deposits, in February and early March, the lender said on Thursday....
...New York Community Bancorp has replaced its chief executive and identified “material weaknesses” in internal controls that guide how loans are reviewed, amid worries about the US regional lender’s exposure...
...The pressures on NYCB come almost a year after the failures of Silicon Valley Bank and other regional banks unsettled the US banking industry. Read more here...
...Shares in New York Community Bancorp wobbled after Morningstar DBRS followed rating agency Moody’s in downgrading the lender over concerns about its exposure to the struggling commercial real estate market...
...Shares of New York Community Bancorp plunged about 25 per cent in pre-market trading on Friday, after the lender disclosed it had replaced its chief executive and identified “material weaknesses” in internal...
...The bank has started a process to bring in new chief risk and audit executives, it added....
...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...
...Among regional banks, Bank OZK and Valley National Bancorp stand out, with high exposure to CRE loans but low CRE reserve ratios, according to Morgan Stanley research....
...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....
...In their view, New York Community Bancorp was an “outlier” because it had become a large bank through acquisitions, but still had a regional-bank-scale CRE business: Its CRE loans were about “four times...
...turmoil surrounding the bank....
...The FDIC does not name the individual banks on the problem bank list. But the data indicated that the banks on the list were either small or mid-sized lenders....
...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...
...The bank said that was partly because the stock market value of banks has dropped since it struck the deal....
...Shares of New York Community Bancorp tumbled another 23 per cent on Monday, after Moody’s over the weekend became the first credit firm to lower the rating of the bank’s deposits to junk....
...The move yesterday came after New York City Bancorp swung to a surprise loss partly because of a rise in expected loan losses tied to office buildings, sending its shares plunging....
...Aozora’s profit warning echoed an announcement by New York Community Bancorp the previous day....
...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...
...US stocks rose on Wednesday afternoon after Federal Reserve chair Jay Powell said he did not expect the central bank to increase interest rates again, but said there was more progress that needed to be made...
...US stocks rose on Wednesday afternoon after Federal Reserve chair Jay Powell toed a careful line in his semi-annual testimony to Congress, saying he did not expect the central bank to increase interest rates...
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