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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....
...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...
...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....
...Management on Wednesday, following the Moody’s downgrade, sought to reassure investors that the bank is still taking in new deposits....
...Investors at the time propelled NYCB shares higher. Those gains were completely erased after NYCB reported its fourth-quarter results on Wednesday....
...Back then, I argued that NYCB investors had to contemplate two unsavoury possibilities....
...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....
...Regulators require that weaknesses in those controls are prominently flagged to investors....
...New York Community Bancorp shares fell 38% on Wednesday, partly on worries about the bank’s exposure to commercial real estate....
...Mnuchin’s firm, Liberty Strategic Capital, is being joined by other investors including Hudson Bay Capital, Reverence Capital Partners and hedge fund Citadel....
...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 actions should alleviate investor concerns about NYCB’s ability to navigate the current crisis,” they wrote. The FDIC does not name the individual banks on the problem bank list....
Industry earnings weighed down by one-off charges to replenish federal deposit insurance after regional banking crisis
...It’s been clear for nearly a year that regional banks’ fates could turn on their exposure to commercial real estate markets, and New York Community Bancorp just gave investors a very jarring reminder....
...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....
...The revelations shocked investors, sending NYCB’s stock down almost 40 per cent to wipe out its gains since its takeover of Signature....
...A warning last week from New York Community Bancorp about problems with its internal controls after in January reporting large loan losses has also kept investors on watch for a potential return of US regional...
...Investors and analysts now seem more focused on banks’ profitability than talk of more bank runs or failures....
...Investors were more wary about Apple, however, due to ongoing concerns about trading in China....
...New York Community Bancorp talks as though it has turned a corner....
...Strong secondary performance underscores the investor demand support . . ....
...Legendary investor Peter Lynch thought so....
...Both sides can then benefit if investors put a premium on companies incorporated there....
...US bank stocks rose sharply on Thursday as investors cheered the Federal Reserve’s projection of interest rate cuts in 2024....
...It affected not just investors but millions of China’s gamers. A reconciliation will be good news for all concerned....
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