Name: NYCB discloses over $18.7 billion in reciprocal deposit capacity, shares rise
Uploaded: 2024-02-15T11:53:20-05:00
Duration: 5 min
Description: (Reuters) – New York Community Bancorp shares rose 4.2% on Thursday after it disclosed it has more than $18.7 billion in reciprocal deposit capacity to offer its customers expanded deposit insurance, calming investor worries around its stability. Reciprocal deposit networks allow banks to insure deposits over the Federal Deposit Insurance Corporation’s $250,000 limit and have […]

Tag: Reciprocal

NYCB discloses over $18.7 billion in reciprocal deposit capacity, shares rise

(Reuters) – New York Community Bancorp shares rose 4.2% on Thursday after it disclosed it has more than $18.7 billion in reciprocal deposit capacity to offer its customers expanded deposit insurance, calming investor worries around its stability. Reciprocal deposit networks allow banks to insure deposits over the Federal Deposit Insurance Corporation’s $250,000 limit and have […]

Vladimir Putin Says Russia Has ‘Run Out’ of ‘Decency,’ and It’s on the US to Take ‘Reciprocal Steps’ to Free Evan Gershkovich

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