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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....
...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...
...US regional banks are not out of the woods yet....
...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...
...Email us about anything else: robert.armstrong@ft.com and ethan.wu@ft.com. NYCB gets worse It is a sign of our times that a pretty big US bank is in deep crisis and nobody much cares....
...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...
...New York Community Bancorp shares fell 38% on Wednesday, partly on worries about the bank’s exposure to commercial real estate....
...They fared better than their smaller peers, however, boosted in part by their investment banking and trading businesses....
...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...
...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...
...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....
...Moody’s said the deposit downgrade makes NYCB the only US bank it rates to have a non-investment grade deposit rating....
...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...
...Does that make it a good candidate for investment? Legendary investor Peter Lynch thought so....
...New York Community Bancorp talks as though it has turned a corner....
...“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.”...
...Welker is a partner at Sherborne, the investment group that led the break-up of former Hostmore owner Electra in 2021....
...and Russell Investments....
...Japan’s slew of splits can be linked to the country’s tax exempt Nippon Individual Savings Accounts investment programme, and has resulted in inflated daily trading volumes in excess of the broader index...
...Last month, the company co-hosted a power grid investment summit in Houston with Dan Patrick, Texas’s lieutenant-governor....
...That shake-up is the driving force behind 20,000 job cuts at Citi, the third-largest US bank by assets....
...Within a decade, he was running all of JPMorgan’s investment banking operations in Europe....
...DD will be there, so rustle up a team of up to six and see if you have what it takes to beat us. Details here....
...Separately, the real estate driven horror show at New York Community Bancorp continues to rumble on....
...Suffice to say you should always be sceptical of investment acronyms....
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