The former chair of the FDIC is looking for signs of weakness in regional bank earnings. “I’m worried about a handful of them,” Sheila Bair, who headed the Federal Deposit Insurance Corp. during the financial crisis of 2008, said in an interview with CNBC Tuesday (April 16). “I think some...
One year after the 2023 banking crisis, America’s regional lenders continue to struggle. A report Thursday (March 7) by Reuters examined the hurdles facing these mid-sized banks, such as higher deposit costs and shaky office building loans, in the wake of the downfall of three banks, Silicon...
New York Community Bancorp (NYCB) announced a $1 billion equity investment and several leadership changes. The new investment comes from several sources, the lender said in a Wednesday (March 6) press release. Liberty Strategic Capital is expected to invest $450 million, Hudson Bay Capital will invest $250 million and Reverence Capital...
New York Community Bancorp (NYCB) has announced leadership changes in the CEO role and a board position. These changes came on the same day the bank said it could not complete its annual report by the due date, according to the company’s Thursday (Feb. 29)...
June 14, 2024
New York Community Bancorp (NYCB) released financial information about its March acquisition of certain assets of Signature Bridge Bank, the successor to Signature Bank, from that bank’s receiver, the Federal Deposit Insurance Corp. (FDIC). NYCB’s wholly-owned subsidiary, Flagstar Bank, acquired assets with an estimated total fair value of $37.8 billion as of the transaction date, […]
April 17, 2024
The former chair of the FDIC is looking for signs of weakness in regional bank earnings. “I’m worried about a handful of them,” Sheila Bair, who headed the Federal Deposit Insurance Corp. during the financial...
March 07, 2024
One year after the 2023 banking crisis, America’s regional lenders continue to struggle. A report Thursday (March 7) by Reuters examined the hurdles facing these mid-sized banks, such as higher deposit costs...
March 06, 2024
New York Community Bancorp (NYCB) announced a $1 billion equity investment and several leadership changes. The new investment comes from several sources, the lender said in a Wednesday (March 6) press release....
