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...NYCB declined to comment as to whether a new executive had stepped into the CRO role. The reasons for Munson’s departure could not be confirmed....
...The asset manager, founded in 2005 by alumni of an alternative investment unit of Cargill that was later rebranded as CarVal, has become a big lender to the airline industry....
...Topping is a shareholder of Xpansiv, which runs a global carbon trading exchange, and a director of ICE Benchmark Administration, which provides index services and is affiliated with New York-based Intercontinental...
...” for a valid surety 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...
...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...
...The amount US financial institutions have loaned to shadow banks such as fintechs and private credit groups has passed $1tn, as regulators warn that growing ties between traditional and alternative lenders...
...Shares in NYCB were down about 2 per cent by Wednesday lunchtime in New York....
...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....
...The Los Angeles financier said his company approached the former president’s financial advisers last week, after an appeals court in New York lowered the amount Trump would have to put up during the appeal...
...The New York-based securitised products business packaged debts, such as mortgages and loans for yachts, before selling them on as securities....
...The bank also took a loss on a loan to a rent-controlled New York City multifamily building — an asset type that was NYCB’s speciality before its recent mergers....
...The bank is specifically focusing on private credit as one of its major engines of growth....
...Over the past two years, big banks such as JPMorgan Chase, Bank of America, Citigroup and Wells Fargo charged more for loans in lockstep with the Fed lifting interest rates, without passing on the increase...
...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...
..., setting a new high before settling around $68,500 as of Friday afternoon....
...A New York fintech that has become a top source of US small business loans is partnering with a payments group backed by Brookfield to try to do the same thing in Abu Dhabi....
...Just last week, Enviva, once one of the world’s largest wood pellet producers, filed for bankruptcy in the US (wood pellets are marketed as a low-carbon alternative to fossil fuels)....
...Northern Trust shares were on track for their biggest one-day drop in six months after the US custody bank and asset manager reported weaker-than-expected third-quarter results....
...Quarterly earnings were also hit by a $5bn increase in provisions for bad loans, a $4bn loss on banks’ securities portfolios, and higher costs as lenders cut staff and restructured their operations, the...
...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...
...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....
...Roughly $10bn of so-called private credit loans have been refinanced in public markets, as borrowers pay down burdensome, high interest loans in favour of a cheaper alternative, according to data from Bank...
...Roughly $10bn of so-called private credit loans have been refinanced in public markets, as borrowers pay down burdensome loans in favour of a cheaper alternative, according to data from Bank of America....
...Of course, lending to companies is unfamiliar terrain for banks, so most are wisely looking for more experienced partners in the “alternative investment industry”, which have broad and deep contacts across...
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