Former Treasury Secretary Steve Mnuchin Leads $1 Billion Deal to Rescue NYCB Regulators Support Injection of New Capital Former Treasury Secretary Steve Mnuchin is making a big bet that regulators don’t want NYCB to become the next SVB. He and an investor group completed their $1 billion deal to inject new capital into troubled lender … Read more
Shares of New York Community Bancorp Plummet After CEO Departure Shares of New York Community Bancorp Plummet After CEO Departure Introduction Shares of New York Community Bancorp, a major banking institution, took a massive hit prior to the opening bell on Friday. This steep decline comes in the wake of the sudden departure of the … Read more
New York Community Bancorp panel at the New York Stock Exchange, January 31. BRENDAN MCDERMID (REUTERS) Imagine two almost identical houses. One could fall, but it probably won’t. The other is built in such a way that it cannot collapse. Which would a rational person choose? The answer helps explain why the shock waves of … Read more