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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 deal under discussion would see Brookfield invest more than $1.5bn to buy a majority interest in Castlelake and make a large investment in its funds, three people briefed on the matter told the Financial...
...The bank also named Colleen McCullum as chief audit executive, joining from United Community 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...
...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....
...Steven Kelly of the Yale Program on Financial Stability thinks a sale is the best solution....
...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...
...Reverence Capital, founded by three former Goldman Sachs executives, is led by Milton Berlinski, who founded the investment bank’s financial institutions group and has targeted mid-sized financial services...
Investors including former Treasury secretary Steven Mnuchin stand to make hundreds of millions on bailout
Industry earnings weighed down by one-off charges to replenish federal deposit insurance after regional banking crisis
...Moody’s said NYCB faced numerous “financial, management and risk management” issues....
...The airline industry is largely united in opposition to the rule....
...“The rally in bonds today certainly has to do with fears about regional banks,” said Thierry Wizman, financial market economist at Macquarie....
...Citizens Financial, US Bancorp and Huntington Bancshares were among the other notable regional lenders reporting declines in profits for the third quarter, falling by 32 per cent, 16 per cent and 8 per cent...
...UTA’s complaint — which has been seen by the Financial Times — alleges “constructive fraud” and breach of fiduciary duties among other allegations....
...This time is different, he believes: it is not a question of the wider financial system seizing up or a lack of liquidity....
...United’s chief financial officer, Michael Leskinen, told analysts on its earnings call that it was “unrealistic” to expect the full complement of 31 Max 9 deliveries from Boeing this year....
Delaware has long been the go-to place for companies to incorporate. Can Elon Musk change that?
...He had demanded a hefty financial incentive to grow the value of the electric-car maker, and it worked: Tesla became one of the world’s most valuable companies and his options ended up being worth $56bn....
...Emirati banks have traditionally shied away from lending to small businesses, according to Jorge Camarate, a Dubai-based partner at Strategy& who heads the consultancy’s financial services division in the...
...The news outlet/hedge fund Hunterbrook, in its debut article/short sale, sent the stock of United Wholesale Mortgage down 8 per cent....
...The agreement helped avert a potential strike, which threatened to cause economic chaos by stranding more than a quarter of all parcels in the US, but the company cut its financial guidance several times...
...An executive from consulting firm Alvarez & Marsal was detained in the United Arab Emirates while working to overhaul a Nasdaq-listed company that US authorities charged with fraud last month, according...
...It is the latest salvo in a campaign waged by Republican state financial officers against ESG investing generally and against BlackRock specifically....
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