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...Munson, who previously worked for GE Capital and Goldman Sachs, could not be reached for comment. NYCB said: “We can confirm that Nick Munson left the company in early 2024.”...
The sixth annual ranking of companies in the region with the highest growth. Health tech businesses thrive post-pandemic even as VC funding drops. Plus: Singapore draws in start-ups; new models of corporate success in Japan; India’s EV expansion
...The capital markets data reflect a climate where China’s financial system has become increasingly isolated, despite the ending of the pandemic....
...has the best long-term growth prospects in the region, the corporate sector has demonstrated an ability to translate strong economic growth into earnings and stock market returns,” said Sunil Koul, Asia-Pacific...
...Its increased size required NYCB to hold a higher level of minimum capital under US banking rules, a shift that led to the dividend cut....
...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...
...And Webster Financial is highly concentrated in CRE, at 265 per cent of capital....
...Mnuchin’s firm, Liberty Strategic Capital, is being joined by other investors including Hudson Bay Capital, Reverence Capital Partners and hedge fund Citadel....
...Hudson Bay Capital, Reverence Capital Partners and hedge fund Citadel are co-investing in the deal which closes on Monday....
...Chemours, which was spun out of Dupont in 2015, said it was examining how working capital was managed, and how that affected financial metrics on which executive bonuses were based....
...“Many borrowers will be forced to either inject new capital, return assets to lenders or sell into a soft market.”...
...New York Community Bancorp talks as though it has turned a corner....
...Aozora’s profit warning echoed the previous day’s announcement by New York Community Bancorp, which said it had lost $260mn in the final three months of 2023....
...Aozora said it cut its dividend “to retain capital for growth as well as to enhance our overall financial strength”....
...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...
...But many of the businesses in the FT’s latest ranking of the Asia-Pacific region’s fastest growing companies are those that continue to reap the benefits of consumer shifts since the start of the pandemic...
...Now, the EU is trying desperately to bridge the gap with a new capital markets union....
...The head of Sequoia Capital’s former India unit says the country is getting a “huge” boost from investors moving their money away from China as geopolitical tensions reshape the global venture capital market...
...Ng added that IPOs might still attract anchor investors but not cornerstone investors, showing the market was “not comfortable locking their capital in new Hong Kong listings”....
...Bain points out that India maintained its status as the second-largest destination for VC and growth funding in Asia-Pacific after China....
...PBoC action to accelerate the growth rate of broad money and generate higher growth in nominal GDP is not compatible with a stable exchange rate, especially in an era when trade and capital flows are shifting...
...Vivekanand Subbaraman, an analyst at Ambit Capital in Mumbai, described the fundraising as “a much needed shot in the arm” for Vodafone Idea, which shed 1mn active subscribers in February, a third straight...
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