(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 […]
Former Treasury Secretary Steven Mnuchin said Thursday that he will put together an investor group to buy TikTok after the House passed a bill that would ban the popular video app in the U.S. if its China-based owner does not sell its stake. During an interview on CNBC’s “Squawk Box,” Mnuchin, who served under President […]
Former Treasury Secretary Steven Mnuchin is building an investor group to acquire ByteDance’s TikTok, as a bipartisan piece of legislation winding its way through Congress threatens its continued existence in the U.S. The House of Representatives on Wednesday passed a bipartisan bill that if signed into law would force ByteDance to either divest its flagship […]
Former US treasury secretary Steven Mnuchin has said he is going to put together an investor group to buy TikTok, a day after the House of Representatives passed a Bill that would ban the popular video app in America if its China-based owner did not sell its stake. TikTok, which has more than 170 million […]
Then-Treasury Secretary Steven Mnuchin speaks with reporters at the White House on July 23, 2020. (Associated Press) As Congress weighs a bill that would lead to a nationwide ban of the popular video app TikTok, former Treasury Secretary Steven T. Mnuchin said Thursday he is assembling an investor group that will try to purchase the […]
Former Treasury Secretary Steve Mnuchin is making a big bet that regulators don’t want NYCB to become the next SVB. He and an investor group completed their $1 billion deal to inject new capital into troubled lender New York Community Bancorp (NYCB) just days before the one-year anniversary of the government seizure of California lender […]
New York Community Bank (NYCB) made a dramatic attempt to regain investor confidence by announcing a new CEO and a $1 billion infusion from a group that includes former Treasury Secretary Steven Mnuchin. The moves on Wednesday came after the stock of the $114 billion lender fell as much as 45% following a report by […]
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 […]