Hints and tips:
...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....
...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...
...NYCB, which last year acquired most of the deposits at failed lender Signature Bank in 2023, has been caught up amid worries about the US regional lender’s exposure to the commercial property market....
...The pressures on NYCB come almost a year after the failures of Silicon Valley Bank and other regional banks unsettled the US banking industry....
...US regional lender New York Community Bancorp has sought to reassure investors that it was still taking new deposits after its stock more than halved and it was downgraded to “junk” status by Moody’s....
...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...
...US regional banks are not out of the woods yet....
...Email us about anything else: robert.armstrong@ft.com and ethan.wu@ft.com. NYCB gets worse It is a sign of our times that a pretty big US bank is in deep crisis and nobody much cares....
...New York Community Bancorp shares fell 38% on Wednesday, partly on worries about the bank’s exposure to commercial real estate....
...So what can this tell us about other banks? The analysts find that bonds of Comerica, Zions Bancorporation and Huntington Bancshares trade cheap, with Huntington posing the “lowest CRE risk”....
...The number of problem banks in the US has jumped 18 per cent, regulators warned, as New York Community Bank was stabilised by a $1bn capital raise led by former US Treasury secretary Steven Mnuchin....
...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...
...Truist, the country’s seventh-largest lender, fell more sharply than any other US bank....
...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...
...Overnight, Japanese lender Aozora Bank blamed its forecast for a full-year loss on souring US office loans....
...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...
...Moody’s said the deposit downgrade makes NYCB the only US bank it rates to have a non-investment grade deposit rating....
...New York Community Bancorp talks as though it has turned a corner....
...US bank stocks rose sharply on Thursday as investors cheered the Federal Reserve’s projection of interest rate cuts in 2024....
...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...
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