New York Community Bank (NYCB) is selling $5 billion in loans to J.P. Morgan Chase. The sale of these “mortgage warehouse loans” is designed to strengthen the regional bank’s capital and liquidity, according to a Tuesday (May 14) press release. “Consistent with my guidance during our recent earnings call,...
New York Community Bancorp (NYCB) announced a $1 billion equity investment and several leadership changes. The new investment comes from several sources, the lender said in a Wednesday (March 6) press release. Liberty Strategic Capital is expected to invest $450 million, Hudson Bay Capital will invest $250 million and Reverence Capital...
New York Community Bancorp (NYCB) stock plummeted Friday (March 1) amid a leadership shakeup. The almost 26% drop came as the bank also reported a loss greater than what it had stated in the past, and said it had uncovered “material weaknesses” in its internal loan...
New York Community Bancorp (NYCB) has announced leadership changes in the CEO role and a board position. These changes came on the same day the bank said it could not complete its annual report by the due date, according to the company’s Thursday (Feb. 29)...
June 14, 2024
New York Community Bancorp (NYCB) released financial information about its March acquisition of certain assets of Signature Bridge Bank, the successor to Signature Bank, from that bank’s receiver, the Federal Deposit Insurance Corp. (FDIC). NYCB’s wholly-owned subsidiary, Flagstar Bank, acquired assets with an estimated total fair value of $37.8 billion as of the transaction date, […]
May 15, 2024
New York Community Bank (NYCB) is selling $5 billion in loans to J.P. Morgan Chase. The sale of these “mortgage warehouse loans” is designed to strengthen the regional bank’s capital and liquidity,...
March 06, 2024
New York Community Bancorp (NYCB) announced a $1 billion equity investment and several leadership changes. The new investment comes from several sources, the lender said in a Wednesday (March 6) press release....
March 03, 2024
New York Community Bancorp (NYCB) stock plummeted Friday (March 1) amid a leadership shakeup. The almost 26% drop came as the bank also reported a loss greater than what it had...
