New York Community Bancorp (NYCB) is attempting to reassure investors about its deposits, liquidity, and governance following a week-long plunge in the company’s stock and a decision by Moody’s to cut the bank’s credit rating to junk. The $116 billion commercial real estate lender put out a press release just before midnight ET on Tuesday […]
Tag: troubled
El Salvador’s Bukele heads for re-election but troubled tally delays results
Voters in El Salvador appeared to give Nayib Bukele a second term as president, but a troubled vote tally delayed results in an election that for many hinged on the trade-off of curtailed civil liberties for security in a country once terrorised by gangs. Problems with the vote count stalled the effort late on Sunday […]
How Maine Struggles to Handle Troubled Youth
PORTLAND, Maine — Nearly three years ago, Maine lawmakers hoped to be in the vanguard of a national movement to transform how governments deal with teenagers who break the law. The legislators passed a bill aimed at closing the state’s only youth prison and expanding programs with a better record of rehabilitating adolescents. But Gov. […]
Why Delhi wants to fence the ‘troubled’ border
Just over a week ago, India’s federal home minister Amit Shah announced a plan to fence the open border with neighbouring Myanmar. He said India would secure the rugged 1,643km (1,020-mile) boundary the same way in which “we have fenced the country’s border with Bangladesh”, which is more than twice as long. Mr Shah said […]
Army Reveals It Fired Female Commander in Troubled Brigade After Claims of Sexual Assaults on Male Soldiers
A female Army officer was fired from command of a unit based at Joint Base Lewis-McChord amid allegations of multiple sexual assaults against several male subordinates and a pattern of sexual harassment, according to a service spokesperson. Col. Meghann Sullivan served as commander of the 5th Brigade Engineer Battalion, 5th Security Force Assistance Brigade, at […]
NASA’s troubled Mars sample-return mission has scientists seeing red
NASA is seemingly caught between a Mars rock and a hard place. The space agency’s best-laid plan to robotically retrieve prized samples of the Red Planet for scrutiny back on Earth has been decades in the making and is seen as a “must-do” by many planetary scientists. Now it has gone awry, imperiled by a […]
Hundreds of clients may have been impacted by closure of Tampa law firm, troubled attorney reveals in court
CLEARWATER, Fla. – The full scope of problems facing a troubled Tampa probate lawyer came into focus Friday, when the attorney revealed in Pinellas County court more than 800 people may have been impacted by the closure of his law firm. Dennis Szafran told a judge he’s trying to withdraw as the attorney on some […]
Troubled China Shadow Bank Zhongzhi Files for Bankruptcy
(Bloomberg) — Chinese shadow banking giant Zhongzhi Enterprise Group Co. filed for bankruptcy, cementing the rapid downfall of a firm that oversaw more than $140 billion at its peak before succumbing to the property crisis that has wreaked havoc on the world’s second-largest economy. Most Read from Bloomberg Zhongzhi said it “obviously” lacked the ability […]
Singapore Avoids Recession as Lee Warns of ‘Troubled’ World
(Bloomberg) — Singapore’s economy avoided a recession in 2023 as Prime Minister Lee Hsien Loong warned of a “troubled” international environment that will weigh on growth and security. Most Read from Bloomberg Gross domestic product expanded 1.2%, Lee said in his New Year’s message, compared with the trade ministry’s forecast in November for an expansion […]
In a troubled world, Christians strive to put aside earthly worries on Christmas Eve
FRANKFURT, Germany (AP) — Christians around the world were striving on Christmas Eve to put aside the worries and fears of an unsettled, war-torn world as they prepared to celebrate the birth of Jesus of Nazareth. Believers in Syria gathered Sunday in a country still suffering from the aftermath of a long civil war and […]