Published 3 months ago

Factbox-New York Community Bank’s path to $100 billion club and share slide

Summary by Ground News

New York Community Bank waded into the regional bank crisis, buying up assets in failed Signature Bank. On Wednesday, the bank became the one under investor scrutiny after it posted an unexpected quarterly loss. The surprise loss drove down other regional bank shares, dragging the KBW regional index down 6%.

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Factbox-New York Community Bank’s path to $100 billion club and share slide

By Nupur Anand NEW YORK (Reuters) – Nearly a year ago, New York Community Bank waded into the regional bank crisis, buying up assets in failed Signature Bank, helping secure a spot in the list of banks with over $100 billion in assets. On Wednesday, the bank became the one under investor scrutiny after it posted an unexpected quarterly loss and its shares sank nearly 40%. The surprise loss drove down other regional bank shares, dragging the …

3 months ago

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