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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....
...The New York-based company estimated it earned net income of about $2.7bn in the quarter, giving it a net profit margin of more than 60 per cent....
...The new platform would pull together these disparate offerings, the people said....
...hire a top investment bank to help consider a sale of all or part of the business....
...Several of the bank’s businesses — including credit cards and corporate transaction services — did better than expected in a quarter that many thought would be marred by the upheaval of the restructuring...
...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 in NYCB were down about 2 per cent by Wednesday lunchtime in New York....
...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...
...Handler’s remaining shares in New York-based Jefferies are worth more than $800mn. Bloomberg in 2021 estimated his net worth at more than $1bn....
...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 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....
...ESG Shareholder proposals Citigroup agrees to disclose green financing ratio Despite the backlash to environmental and social shareholder proposals, the New York City comptroller Brad Lander — who oversees...
...After all, the money centre banks (which sponsored enactment of the FSIA), trust companies, and major law firms were all headquartered there....
...When I last wrote about NYCB, a month ago, I argued that its problems are largely company-specific and non-contagious. The bank, born of two mergers (one of them with Signature!)...
...Uber: The rideshare company is forecast to report a rise in revenue and profit in the three months that ended in March....
...One person involved in the situation said the company covered the costs for the roughly 10 different law firms and banks advising the company as well as various creditors....
...Novavax shares closed 98.7 per cent higher on Friday in New York at $8.88, moderating from a gain of as much as 146 per cent earlier in the session, following the announcement....
...Shares in Visa and Mastercard were trading close to flat in New York on Tuesday morning....
...An index compiled by VTS, a real estate technology company, shows New York is leading a recovery in office demand across the US....
...Private shares The $64bn market for private company stocks is starting to open up to regular investors. Some in Silicon Valley aren’t happy, The New York Times writes....
...JPMorgan, along with other large banks, received stakes in Visa at the time of the company’s initial public offering in 2008. The stock came with significant restrictions over when it could be sold....
...Separately, the Costume Institute Benefit, aka the Met Gala, is held in New York....
...One of the US’s top banking regulators will release a report on Tuesday detailing complaints of years of workplace harassment at the Federal Deposit Insurance Corporation....
...The stock closed at $50.44 after trading began on Thursday at the New York Stock Exchange under the ticker RDDT, up 48 per cent from its IPO price of $34 a share....
...Lending by US banks dropped by $36bn in the first three months of the year compared to the end of 2023, the biggest quarterly drop in more than three years....
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