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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....
...Christoph Schweizer told the Financial Times that AI and generative AI were “a huge boost” to revenues in the past year as companies move from experimenting with the technology to “at-scale deployment”....
...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....
...Steven Kelly of the Yale Program on Financial Stability thinks a sale is the best solution....
...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...
...Reverence Capital, founded by three former Goldman Sachs executives, is led by Milton Berlinski, who founded the investment bank’s financial institutions group and has targeted mid-sized financial services...
Investors including former Treasury secretary Steven Mnuchin stand to make hundreds of millions on bailout
Industry earnings weighed down by one-off charges to replenish federal deposit insurance after regional banking crisis
...Moody’s said NYCB faced numerous “financial, management and risk management” issues....
...And Webster Financial is highly concentrated in CRE, at 265 per cent of capital....
...“The rally in bonds today certainly has to do with fears about regional banks,” said Thierry Wizman, financial market economist at Macquarie....
...Last week, NYCB, which operates many of its bank branches under the name Flagstar, told investors it had found a material weakness in its financial controls....
...New York Community Bancorp and toymaker Mattel made similar disclosures on Thursday afternoon....
...Citizens Financial, US Bancorp and Huntington Bancshares were among the other notable regional lenders reporting declines in profits for the third quarter, falling by 32 per cent, 16 per cent and 8 per cent...
...New York Community Bancorp talks as though it has turned a corner....
...That said, the bigger compression opportunities looked more concentrated in the initial wave of supply: by the time Bank of America, Citizens and US Bancorp tapped the market on Thursday, pricing had already...
Carriers have come to rely on check-in charges as a source of revenue but face new disclosure rules
Credit card holders accustomed to fancy perks are in for a rude awakening
...But on its own, the office-property bust shouldn’t cause a financial crisis....
...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...
...So after New York Community Bancorp shares fell 38 per cent yesterday on an appalling fourth-quarter report, it is natural to wonder what else is crawling around beneath the financial system’s refrigerator...
Sellers will be able to charge different prices to consumers based on the card they use
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