Tag Archives: Bank

Regional bank that played rescuer in 2023 now in turmoil

Regional bank that played rescuer in 2023 now in turmoil

New York Community Bancorp (NYCB) played the role of rescuer during a 2023 regional banking crisis by purchasing some assets of the failed Signature Bank. Now it is experiencing some trouble of its own. The stock of the Hicksville, N.Y.-based lender fell 46% Wednesday after it reported a surprise net loss of $252 million for the fourth quarter and announced a suspension of its dividend. It recovered some of those losses by 11:30 a.m. ET, when it was down 34%, but it is still on track to post… Source link

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