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....
...Flagstar is a subsidiary of New York Community Bancorp. Shares of both banks soared after the deals were announced....
...NYCB grew swiftly with two rapid-fire deals to buy Flagstar Bank and most of the deposits at failed lender Signature Bank in 2023....
...The bank also announced that Alessandro DiNello, the former chief executive of Flagstar Bank, which NYCB bought in 2022, would take on an executive role....
...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....
...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
Investors including former Treasury secretary Steven Mnuchin stand to make hundreds of millions on bailout
...This happened shortly after NYCB had bought another bank, Flagstar, in 2022. Now the much-enlarged NYCB has reported worse credit quality and lower margins....
...Shares of New York Community Bancorp are getting wrecked Wednesday after a quarterly earnings report full of bad surprises....
...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...
...On Sunday night, the Federal Deposit Insurance Corporation announced a deal to transfer much of Signature Bank to New York Community Bancorp....
...“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.”...
...The acquisitions by Troy, Michigan-based Flagstar did not include $4bn in Signature’s digital deposits....
...Signature’s 40 branches will also continue to operate, rebranded as Flagstar branches....
The need to pay savers more has changed the outlook from what executives and analysts predicted a year ago
...The regulatory disclosure on Monday also showed Berkshire exited its positions in US Bancorp and Bank of New York Mellon in the first quarter....
Lending at PNC, US Bank and Capital One trailed industry average following 2019 regulatory relief
...PNC Financial, Truist, Fifth Third Bancorp, M&T Bank, Huntington Bancshares, Comerica, Zions Bancorp, US Bancorp, Citizens Financial, Regions Financial and Key Corp all delivered year-on-year growth in quarterly...
...That is more than super regional banks like PNC, Truist and US Bancorp. Like FIS, Fiserv made the leap into merchant payment processing with a big acquisition....
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