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Beleaguered regional lender New York Community Bank is receiving a more than $1 billion equity investment.. The majority of the investment, $450 million, is coming from former Treasury Secretary ...
The $1 billion investment ideally caps a rough period for NYCB. The bank on Jan. 31 reported a fourth-quarter loss of 36 cents a share that missed Wall Street expectations. It also slashed its ...
NYCB's stock began falling on Jan. 31 when it surprised analysts by slashing its dividend and reporting a net quarterly loss of $252 million. Read more: The 10 best online banks for February 2024.
New York Community Bancorp, Inc. ( NYCB ), headquartered in Hicksville, New York, is a bank holding company for Flagstar Bank. In 2023, the bank operated 395 branches in New York, Michigan, New Jersey, Ohio, Florida, Arizona and Wisconsin. [3] Branches used to be operated under the names Queens County Savings Bank, Roslyn Savings Bank, Richmond ...
The moves on Wednesday came after the stock of the $114 billion lender fell as much as 45% following a report that NYCB was on the hunt for investors willing to buy stock in the company.
Flagstar Bancorp, Inc. Flagstar Bank is an American commercial bank headquartered in Troy, Michigan. A wholly owned subsidiary of New York Community Bank, Flagstar is one of the largest residential mortgage servicers in the United States, and was among the largest banks in the United States prior to its acquisition in 2022.
NYCB's stock began falling on Jan. 31 when it surprised analysts by slashing its dividend, setting aside more for loan losses, and reporting a net quarterly loss of $252 million.
NYCB’s shares on Wednesday closed at $4.48, up 28 cents or nearly 7%. This reversed a seven-day slide that saw NYCB’s stock plunge by nearly 60% to close at $4.20 Tuesday. NYCB is one of the ...