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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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...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....
...NYCB had been seen as one of the winners of the 2023 crisis that sank Signature, Silicon Valley Bank and First Republic....
...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...
...He did call on more people from the business community to serve in government and also had advice for whoever would be the president next year....
...A top US bank regulator is proposing new limits on big bank mergers, in the wake of the failure of Silicon Valley Bank and two other banks last year, and the recent market turmoil around New York Community...
...We have been able to mobilise young people who have become first responders in their communities.”...
...First, for a transitional government to succeed, it will need to establish immediate control over security....
...When New York Community Bank reignited concerns about US regional banks by revealing big losses from commercial real estate loans at the end of January, Steven Mnuchin spotted his chance to get back into...
...“The majority of people cross the Green Line because of either the communities they found, that they wanted to live in, or because of the cost of living,” said Oded Revivi, longtime mayor of the settlement...
...It is the same reason why farmers often prefer to bank with their local community banks....
...“We wanted to outdo the neoliberals,” says Msimang, adding that a desire to prove a Black government could govern responsibly led the ANC mistakenly to “out World Bank the World Bank”....
...Mnunchin on Wednesday led a deal to pump more than $1bn into New York Community Bancorp to rescue the US regional lender that quickly fell into financial trouble after acquiring Signature Bank from the Federal...
...At first glance, NYCB’s woes appear unique to its balance sheet....
...According to the World Bank, women invest 90 per cent of every dollar they earn into their families’ education, health and nutrition....
...The article also incorrectly stated that he made his home in a first-nation community [for indigenous peoples] in Los Angeles. Finally, he is not the son of Iranian immigrants....
...The rules will for the first time make the size of the bank created by a merger a factor in determining which deals receive further scrutiny from the FDIC....
...People thought it was Google’s April Fool’s Day joke (TechXplore) — The BoE with an awkward walk-and-talk on Instagram (Instagram) — How birdwatching’s biggest record threw its online community into chaos...
...This is what happened when the FDIC auctioned off First Republic last year, little more than a month after the collapse of Silicon Valley Bank....
...And if there’s gonna be trouble in commercial real estate, some bank has to be the first to really get hit by it. And so it is correct to say maybe New York Community Bancorp is the first of many....
...I am in conversation with time, history, community. The threads between human lives turn visible....
...For them, dancing is about community and culture – and the community is the culture; that history of clubs, like Oil Can Harry’s, where LGBT+ people line danced and two-stepped in a safe space....
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