NYCB shares soar 30% after troubled regional bank announces $1 billion capital raise
- New York Community Bancorp is receiving over $1 billion from investors, including Steven Mnuchin, to help the troubled bank.
- Joseph Otting, former comptroller of the currency, will become the bank's CEO, causing the stock to fluctuate heavily.
- After a $1 billion infusion, NYCB's stock initially surged but later fluctuated, ending the day at $3.46.
19 Articles
19 Articles
Embattled bank NYCB lands $1B investment from group including Mnuchin's firm
New York Community Bank (NYCB) on Wednesday said it raised $1 billion from investors including former Treasury Secretary Steven Mnuchin's Liberty Strategic Capital and named a former Comptroller of the Currency as its new CEO.NYCB, which has been under pressure in recent weeks, said the investment group also included Hudson Bay Capital, Reverence Capital Partners, Citadel Global Equities, other institutional investors and certain members of the …

Embattled New York Community Bancorp gets $1 billion cash infusion, adds Steven Mnuchin to its board
Embattled New York Community Bancorp is getting a lifeline of more than $1 billion as a group of investors plug cash into the troubled bank. The deal will bring four
Embattled Lender NYCB Says It Has Raised More Than $1 Billion in Equity
US News is a recognized leader in college, grad school, hospital, mutual fund, and car rankings. Track elected officials, research health conditions, and find news you can use in politics, business, health, and education.
NEW YORK COMMUNITY BANCORP, INC. ANNOUNCES OVER $1 BILLION EQUITY INVESTMENT ANCHORED BY FORMER U.S. TREASURY SECRETARY STEVEN MNUCHIN'S LIBERTY STRATEGIC CAPITAL, HUDSON BAY AND REVERENCE CAPITAL
/PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) ("NYCB" or the "Company") today announced that Liberty Strategic Capital ("Liberty"), Hudson Bay...
Coverage Details
Bias Distribution
- 56% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium