Joseph Otting, New York Community Bancorp’s recently installed CEO, described a March 6 capital raise of $1.05 billion as the best decision for investors. “If the capital raise was not ready to go specifically that afternoon, the chances of the company surviving would have been at a peril,” he told shareholders. Credit: Bloomberg New York […]
New York Community Bank’s chief operating officer, Julie-Ann Signorille-Browne, has resigned, effective May 24, the bank disclosed in a filing Thursday. In her time at NYCB, Signorille-Browne led the bank’s integration with Flagstar and, later, the integration of assets and liabilities NYCB bought from the failed Signature Bank, according to a biography on the company’s […]
(Bloomberg) — New York Community Bancorp Inc.’s charge-offs and provisions for potential loan losses declined in the first quarter from the previous three months, which could help allay commercial-property concerns that have hounded the lender since it last reported results. Most Read from Bloomberg The Hicksville, New York-based lender took a $315 million provision for […]
(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 […]
(Bloomberg) — New York Community Bancorp’s credit grade was cut to junk by Moody’s Investors Service less than a week after the regional lender said it was stockpiling reserves to cover souring loans tied to commercial real estate. Most Read from Bloomberg The rating company downgraded New York Community Bancorp’s long-term issuer rating by two […]
(Bloomberg) — Mounting pressure from a top US watchdog led to New York Community Bancorp’s surprise decision to slash its dividend and stockpile cash in case commercial real estate loans go bad, according to people with direct knowledge of the matter. Most Read from Bloomberg The drastic financial moves — which triggered a record plunge […]