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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....
...One of the largest penalties imposed on a New York corporation, the judgment has deepened the former president’s ballooning legal costs, which he is struggling to cover while mounting a campaign for the...
...a lawyer at The Basile Law Firm, who has used New York state usury laws to void several small-company financing deals....
...Its shares rose on Thursday after its new management team told analysts it would diversify away from loans to apartment buildings, many of which are subject to New York’s strict laws on rent control and...
...New York Community Bank will raise more than $1bn in a deal led by the investment firm of former US Treasury secretary Steven Mnuchin, in an effort to shore up its finances and calm fears after weeks of...
...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...
...Chang’s and business technology provider Computer Services Inc....
...Quarterly earnings were also hit by a $5bn increase in provisions for bad loans, a $4bn loss on banks’ securities portfolios, and higher costs as lenders cut staff and restructured their operations, the...
...One of New York’s biggest property developers is launching a $1bn fund to invest in the city’s distressed office buildings, potentially heralding a new phase in the commercial real estate crisis....
...rent-stabilized New York City apartments at a steep discount....
...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 agency typically likes to sell to other regulated banks so the loans and customers of collapsed lenders remain under the eye of regulators....
...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...
...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...
...The US Federal Housing Finance Agency on Tuesday said it plans to rein in a group of 11 regional government-backed wholesale lenders, the Federal Home Loan Banks, that became a key source of funding for...
...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...
...When New York Community Bank reignited concerns about US regional banks by revealing big losses from commercial real estate loans at the end of January, Steven Mnuchin spotted his chance to get back into...
...For as hopes of US rate cuts have intensified in recent months, CRE has tumbled into a debilitating pattern of “extend and pretend”: lenders have essentially rolled over troubled loans, hoping for a miraculous...
...It was an attempt, the attorney-general alleged — and a New York judge agreed — to inflate his wealth to win better terms from lenders and burnish his reputation....
...He and his businesses are prohibited from applying for loans from financial institutions registered with the New York regulator during the same period....
...Besides credit card debts, Blackstone has picked up home improvement loans, auto loans and loans financing rooftop solar power....
...Earlier this month New York Community Bank shed more than 50 per cent of its market value after reporting hundreds of millions in previously undisclosed potential losses in its commercial property loan book...
...A New York Fed analysis in November showed that rising delinquencies are disproportionately driven by millennials — especially those with existing auto or student loans, or with higher credit card balances...
...The New York-based lender this week set off a fresh wave of selling in regional banking stocks after it swung to a surprise fourth-quarter loss, slashed its dividend and set aside hundreds of millions of...
...US lenders — JPMorgan Chase, Bank of America, Wells Fargo and Citigroup, according to a Bloomberg analysts’ consensus....
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