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....
CD&R purchase comes after period of slowdown for debt-reliant industry as interest rates have risen
...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...
...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
...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...
Investors including former Treasury secretary Steven Mnuchin stand to make hundreds of millions on bailout
...It has also sought to curb the spending of indebted local governments traditionally reliant on land sales for revenues....
...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...
...“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.”...
...Deals reliant on bank finance basically collapsed. It’s not that the funding wasn’t available. It’s more that leveraged buyouts don’t work so well when the cost of debt doubles....
...New York Community Bancorp, which we wrote about yesterday, has raised $1bn in equity and received an infusion of new leadership....
...“Sales growth is increasingly reliant on promotional activities and price cuts,” said Ivan Lam, a senior analyst at Counterpoint....
...Republican states reliant on the fossil fuel industry, including West Virginia and Oklahoma, have banned some asset managers from doing business with them, based on accusations of boycotting fossil fuels...
...On Sunday night, the Federal Deposit Insurance Corporation announced a deal to transfer much of Signature Bank to New York Community Bancorp....
The need to pay savers more has changed the outlook from what executives and analysts predicted a year ago
...This threatens to stifle Chinese technology groups, including Baidu, which are still reliant on US computer chips....
...The New York-based asset manager on Monday warned in a report that metals needed for the “monumental” shift from an economy based on fossil fuels to a green system reliant on materials had been vastly underestimated...
...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
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