Tag: reverse

NYCB expects reverse stock split to take effect next month

(Reuters) – New York Community Bancorp’s one-for-three reverse stock split will become effective mid-to-late July, the regional lender said on Thursday. The bank’s shares are down nearly 71% since the end of January, following a surprise quarterly loss due to commercial real estate stresses and a dividend cut. An investment from a group that included […]

Turkish Rate Cut Likely Months Away for Economy Going in Reverse

(Bloomberg) — Turkey’s central bank is set to stick with an interest-rate pause that’s likely to last through much of the year or even beyond, engineering a slowdown in the economy to lower one of the world’s highest levels of inflation. Most Read from Bloomberg Economists surveyed by Bloomberg are unanimous in forecasting the one-week […]