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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....
...Instagram’s monthly active users reached 1.47bn, with a rise of 13mn in the final quarter of 2023, according to Sensor Tower....
...Pollock also said $1tn will be need to be invested to “rewire all of the digital infrastructure around the world” with new data centres and fibre and tower communications networks....
...Mobile towers, telecoms networks and data centres have also become targets for superfunds....
...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
...At $170bn, its market valuation towers over that of Goldman Sachs, Morgan Stanley and Citigroup. Intuit is best known for its small-business accounting and DIY tax-filing software....
...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 focus of EU regulators is on Apple’s control of its App Store, which netted the company some $27bn in commission fees in 2023 alone, according to Sensor Tower estimates....
...The US has had its latest bank panic and emergency rescue in the form of New York Community Bancorp....
...“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.”...
...Those towers rebounded quickly after the crisis passed, and then soared in value....
...The highest quality, newest towers in cities such as London and New York remain in strong demand, but a lot of older, lower-grade office buildings are becoming obsolete....
...But reaching more households meant building expensive towers to carry its signal, an investment the brass at Time Inc were reluctant to make....
...On Sunday night, the Federal Deposit Insurance Corporation announced a deal to transfer much of Signature Bank to New York Community Bancorp....
...Meta and Microsoft are also hit by the DMA, but spot an opportunity to grab a greater share of the around $27bn Apple made in 2023 from App Store sales, according to data from Sensor Tower....
...Last year marked the lowest number of downloads in four years, according to data from Sensor Tower. That decline is dragging on market values....
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