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New York Community Bancorp Inc
New York Community Bancorp’s chief risk officer left weeks before big loss
...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....
February 5, 2024
News updates from February 16: Russian opposition leader Alexei Navalny dies, Trump ordered to pay more than $350mn in New York fraud case
Starmer blames green investment U-turn on Tories’ ‘broken’ economy
...Labour’s Sir Keir Starmer has defended the party’s U-turn on its £28bn-a-year green investment target, saying he was forced to ditch the plan because the “Tories have broken the economy”....
February 16, 2024
FT Live
FTWeekend Festival: U.S. edition
Where the Financial Times weekend paper comes to life
Saturday, 4 MayThe REACH, at the Kennedy Center for the Performing Arts, F Street Northwest, Washington, DC, USA
News in-depthCarvana
Carvana makes U-turn away from financial abyss
...Garcia vowed a high-speed U-turn. His company would slash costs and its heady ambitions for growth would take a back seat to proving efficiency....
March 21, 2024
News updates from March 7: Sweden joins Nato; Powell says Fed ‘not far’ from having confidence to cut rates
New York Community Bancorp’s core deposits shrink by about $8bn
...New York Community Bancorp’s core deposits shrunk by about $8bn, or nearly 40 per cent of its total uninsured deposits, in February and early March, the lender said on Thursday....
March 7, 2024
Transcript
Transcript: Will Labour’s green U-turn weaken Starmer?
...Jim PickardThere have been an awful lot of U-turns....
February 9, 2024
News updates from February 29: US PCE inflation falls to 2.4%, Putin warns of wider conflict over Ukraine
New York Community Bancorp flags ‘material weaknesses’ as it switches CEO
...The pressures on NYCB come almost a year after the failures of Silicon Valley Bank and other regional banks unsettled the US banking industry. Read more here...
February 29, 2024
FT Live
Infrastructure Investment in Latin America and the Caribbean
Identifying opportunities for investors and asset managers
Wednesday, 12 June237 Park Avenue, New York, NY, USA
News updates from March 1: Nvidia closes above $2tn valuation, Gunvor to plead guilty to US bribery charges
New York Community Bancorp flags ‘material weaknesses’ as it switches CEO
...The pressures on NYCB come almost a year after the failures of Silicon Valley Bank and other regional banks unsettled the US banking industry. Read more here...
February 29, 2024
Letter
Letter: Voter turnout is the way to defeat the populists
...The populist vote, being based on an emotional personal loyalty to its candidate, is generally solid and impervious to persuasion. Extra voters must be found on the liberal side....
January 30, 2024
LexESG investing
Asset managers’ green U-turn exposes energy transition cakeism Premium content
...The narrative of a perfect correlation between doing good and doing well has now broken down....
February 25, 2024
Letter
Letter: What a new temple tells us about a ‘secular’ India
...I read with a growing sense of despair John Reed and Jyotsna Singh’s piece on the new temple in Ayodhya (“Temple shrine symbolises Modi’s Hindu nationalism”, Report, January 18)....
January 19, 2024
News updates from March 1: Nvidia closes above $2tn valuation, Gunvor to plead guilty to US bribery charges
New York Community Bancorp sinks 25% in pre-market trading on ‘material weakness’ warning
...Shares of New York Community Bancorp plunged about 25 per cent in pre-market trading on Friday, after the lender disclosed it had replaced its chief executive and identified “material weaknesses” in internal...
March 1, 2024
Stephen Bush
Little good can come of Starmer’s green U-turn
...Now, they face a prime minister in Rishi Sunak who is busily and cheerily retreating from many of Johnson’s more ambitious pledges, and whose close ally and secretary of state for energy security and net...
February 9, 2024
LexElectric vehicles
EU carmakers’ strategic U-turns point them in the right direction Premium content
...Slowing growth of electric vehicle sales has caused a series of corporate U-turns. While sharp swerves are never fun, the change in direction is sensible....
February 1, 2024
News updates from February 7: Netanyahu rejects Hamas ceasefire demand, Disney unveils $3bn buyback
New York Community Bancorp tries to reassure investors after stock plunge
...The bank has started a process to bring in new chief risk and audit executives, it added....
February 7, 2024
News in-depthLabour Party UK
Labour’s green U-turn: how Starmer dropped £28bn ‘albatross’
...The substance and style of Labour’s biggest U-turn for years demonstrated the ascendancy of cautious Blairites inside Britain’s main opposition party, as the green prosperity plan joined a long list of radical...
February 8, 2024
FT Live
US Decarbonization and Industrial Transition Summit
Securing the resources to build and finance America's clean energy future
Wednesday, 29 MayWashington, D.C., USA
News updates from February 5: King Charles diagnosed with cancer, McDonald’s blames war on weak sales
New York Community Bancorp’s chief risk officer left weeks before big loss
...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....
February 5, 2024
New York Community Bancorp Inc
New York Community Bancorp shares sink after flagging problems with internal controls
...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...
March 1, 2024
Letter
Letter: English devolution to cities and regions must be bolder
...True devolution, with an effective transfer of decision-making powers, is as important as it is difficult to deliver....
January 29, 2024
News in-depthGerman politics
EU partners lose trust in Berlin after policy U-turns
...But in a last-minute U-turn, Germany said it would abstain from the vote because the liberal Free Democrats (FDP) had suddenly announced they opposed it....
February 16, 2024
Labour Party UK
Labour vows to be ‘laser-focused’ on net zero despite £28bn U-turn
...Starmer announced the U-turn this month after a drawn out period of internal arguments over whether the pledge, made in 2021 when borrowing rates were close to zero, was still affordable at a time of higher...
February 27, 2024
Europe Express
The political motives behind von der Leyen’s green agenda U-turn Premium content
...In 2019 von der Leyen got votes from Polish nationalists Law and Justice, who sit in the European Conservatives and Reformists (ECR) group, and Italian populists Five Star....
February 7, 2024
Fortescue Metals Group Ltd
Fortescue chair slams Germany for U-turn on EU supply chain rules
...Australian mining billionaire Andrew Forrest has slammed Germany for its U-turn against EU legislation that would punish companies for environmental and human rights abuses in their supply chains....
February 19, 2024
UK politics
Starmer slashes green spending pledge to £4.7bn in major U-turn
...The U-turn is particularly awkward for Starmer given he used the £28bn figure himself just days ago in an interview with Times Radio....
February 8, 2024
US banks
Shares plunge for saviour of failed Signature Bank
...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...
January 31, 2024
War in Ukraine
Slovakia’s prime minister U-turns on Ukraine support during visit
...Slovakia’s Russia-friendly prime minister has made an unexpected U-turn on Ukraine, pledging support on his first trip to the war-torn country only days after questioning its sovereignty....
January 24, 2024

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