Trump Media & Technology (DJT), parent of Truth Social, surged Monday after the company announced Friday that it expects to receive around $70 million in proceeds from the cash exercise of warrants on Thursday and Friday. The Donald Trump-backed company has been hemorrhaging cash. ↑ X NOW PLAYING How To Pick Great Stocks: Look At […]
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A major cash infusion from his running mate helped Robert F. Kennedy Jr.’s longshot presidential campaign substantially ramp up spending on ballot access in April. An $8 million donation from Silicon Valley lawyer Nicole Shanahan helped the Kennedy campaign spend $6.5 million in the month of April, up nearly 50 percent from March. A firm […]
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(Bloomberg) — New York Community Bancorp’s credit rating was raised by Moody’s Investors Service after the embattled lender landed a capital injection from investors led by Steven Mnuchin, though the grade remained in junk territory. Most Read from Bloomberg Moody’s lifted the bank’s long-term issuer rating to B2 from B3, still five levels below investment […]
(Reuters) -New York Community Bancorp said on Monday it had closed the $1 billion capital infusion deal that was agreed last week with an investor group and plans to submit one-for-three reverse stock split of its common stock to shareholders. Joseph Otting, former Comptroller of the Currency in the Donald Trump administration, was named NYCB’s […]
(Adds details on fund raise in paragraph 8) March 11 (Reuters) – New York Community Bancorp said on Monday it had closed the $1 billion capital infusion deal that was agreed last week with an investor group and plans to submit one-for-three reverse stock split of its common stock to shareholders. Joseph Otting, former Comptroller […]
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NEW YORK (AP) — Embattled New York Community Bancorp announced a lifeline of more than $1 billion from a group of investors on Wednesday, after seeing its stock plunge by more than 80% so far this year. The deal will bring four new directors to the bank’s board, including Steven Mnuchin, the former U.S. Treasury […]