Loading ...NY’s Hochul Faces ‘Political Crisis’ As NYCB Collapse Repercussions Loom
And the hits just keep coming…
Once the darling of the small banking crisis comeback, New York Community Bancorp has crashed 45% to fresh 30 year lows after The Wall Street Journal reports the bank is seeking to raise equity capital in a bid to shore up confidence in the troubled regional lender.
According to people familiar with the matter, NYCB has dispatched bankers to gauge investors’ interest in buying stock in the company.
https://www.zerohedge.com/markets/nycb-crashes-fresh-28-year-highs-report-need-cash-infusion