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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....
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...Cangemi said that the Moody’s downgrade was “not expected to have a material impact on our contractual arrangements”....
...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 bank also named Colleen McCullum as chief audit executive, joining from United Community Bank....
...Shares of New York Community Bank plunged 40 per cent on Wednesday after a report that the bank was seeking to raise money to shore up its finances through a stock sale....
...Shares in New York Community Bank, which last year bought the failed Signature Bank in a government-assisted deal, plunged as much as 45 per cent on Wednesday morning, after it reported a surprise fourth-quarter...
...surrounding the bank....
...What regulator could be against safer banks at the heart of our financial system?...
...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...
...The UK will host the next European Political Community summit on July 18 at Blenheim Palace, it said on Tuesday, after months of uncertainty over the event....
...New York Community Bancorp’s core deposits shrunk by about $8bn, or nearly 40 per cent of its total uninsured deposits, in February and early March, the lender said on Thursday....
...New York Community Bancorp has replaced its chief executive and identified “material weaknesses” in internal controls that guide how loans are reviewed, amid worries about the US regional lender’s exposure...
...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...
...“Our users have a deep sense of ownership over the communities they create on Reddit,” Reddit co-founder and CEO Steve Huffman writes in the prospectus....
...According to the World Bank, women invest 90 per cent of every dollar they earn into their families’ education, health and nutrition....
...Shares of New York Community Bancorp are getting wrecked Wednesday after a quarterly earnings report full of bad surprises....
...Shares of New York Community Bancorp plunged about 25 per cent in pre-market trading on Friday, after the lender disclosed it had replaced its chief executive and identified “material weaknesses” in internal...
...Shares in New York Community Bancorp wobbled after Morningstar DBRS followed rating agency Moody’s in downgrading the lender over concerns about its exposure to the struggling commercial real estate market...
...NYCB gets worse It is a sign of our times that a pretty big US bank is in deep crisis and nobody much cares....
...It seems that every time the world intervenes in our politics, it is to our misfortune. Even today, despite discourse to the contrary, the solution proposed is not a Haitian-led one....
...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....
...It is the same reason why farmers often prefer to bank with their local community banks....
...The bank has started a process to bring in new chief risk and audit executives, it added....
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