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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....
...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 odds are it will be coming from card-issuing banks such as JPMorgan, Citigroup or Bank of America rather than Visa or Mastercard. Banks have plenty of ways to offset lower interchange fees....
...Shares of New York Community Bank plunged 40 per cent on Wednesday after a report that the bank was seeking to raise money to shore up its finances through a stock sale....
...Shares in New York Community Bank, which last year bought the failed Signature Bank in a government-assisted deal, plunged as much as 45 per cent on Wednesday morning, after it reported a surprise fourth-quarter...
...surrounding the bank....
...Victory day in Russia: Russia’s financial markets are closed for Victory Day....
...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 lower house of Argentina’s congress has approved state reform and tax packages proposed by President Javier Milei, delivering a first legislative victory to the libertarian leader in his efforts to enact...
...However the grim electoral news for the Conservatives on Saturday will have unsettled Tory MPs, who return to Westminster on Tuesday after the bank holiday weekend....
...Labour has claimed its council victory in Redditch, in the West Midlands, showed it was “set to achieve a sizeable majority” in this year’s general election....
...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....
...The so-called community bankers who staff the hubs, in partnership with Post Office postmasters, work on rotation, with a different bank available on each day of the week....
...New York Community Bancorp has replaced its chief executive and identified “material weaknesses” in internal controls that guide how loans are reviewed, amid worries about the US regional lender’s exposure...
...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...
...Labour’s Gaza problem Pat McFadden, Labour’s campaign chief, admitted that the party’s stance on the Israel-Hamas war had cost it support in Muslim communities....
...The project has taken centre stage in Australia for a variety of reasons, ranging from environmental and indigenous community opposition, to the country’s reputation as a reliable LNG exporter, to what value...
...Shares in New York Community Bancorp wobbled after Morningstar DBRS followed rating agency Moody’s in downgrading the lender over concerns about its exposure to the struggling commercial real estate market...
...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...
...The bank also named Colleen McCullum as chief audit executive, joining from United Community Bank....
...It also marked another strategic victory for Moscow in the Sahel, the semi-arid strip south of the Sahara, where military governments have increasingly shunned their traditional western allies in favour...
...Galloway’s victory left Labour licking self-inflicted wounds....
...Top central bankers in Europe and the US have moved closer to declaring victory over the biggest inflation surge for a generation, with new data giving policymakers confidence they can cut rates by the summer...
...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....
...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...
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