New York Community Bank (NYCB) has had its credit rating cut to “junk.” The downgrade late Tuesday (Feb. 6) by Moody’s Investment Services marks the latest setback for the lender, which last week announced a dividend cut and an unexpected loss, leading its shares to...
America’s banking sector is creeping closer to a wide-ranging downgrade. That’s according to Fitch Ratings analyst Chris Wolfe, who told CNBC Tuesday (Aug. 15) that such a downgrade could even touch seemingly untouchable giants like JPMorgan Chase. Wolfe said Fitch lowered its assessment of the banking sector’s health in June,...
Moody’s is reportedly developing a scoring system — though not a credit rating — for stablecoins. Bloomberg reported Thursday (Jan. 26) that Moody’s will analyze as many as 20 stablecoins, evaluating the attestations on the reserves that back them. It won’t deliver an official credit...
Brian Armstrong isn’t having a good summer — and it’s only a week old. On June 14, J.P. Morgan downgraded the Coinbase CEO’s Nasdaq-listed cryptocurrency exchange to ‘neutral,’ pushing the shares of COIN nearly to $50, about 85% off its launch price of $342 back...
February 07, 2024
New York Community Bank (NYCB) is the target of a class-action lawsuit alleging securities fraud. The lawsuit comes after the bank acquired certain assets of Signature Bridge Bank on March 20, 2023, and reported a fourth quarter net loss of $252 million on Jan. 31, law firm Glancy Prongay & Murray LLP said in a Wednesday […]
February 07, 2024
New York Community Bank (NYCB) has had its credit rating cut to “junk.” The downgrade late Tuesday (Feb. 6) by Moody’s Investment Services marks the latest setback for the lender,...
August 15, 2023
America’s banking sector is creeping closer to a wide-ranging downgrade. That’s according to Fitch Ratings analyst Chris Wolfe, who told CNBC Tuesday (Aug. 15) that such a downgrade could even touch seemingly untouchable giants...
January 26, 2023
Moody’s is reportedly developing a scoring system — though not a credit rating — for stablecoins. Bloomberg reported Thursday (Jan. 26) that Moody’s will analyze as many as 20 stablecoins,...
