Saturday Feb 10, 2024
Episode 63: NY Community Bancorp in Trouble!
This episode examines the roller coaster ride of a week for New York Community Bancorp. NYCB posted a huge loss for the 4th quarter of 2023 due to bad CRE loans, which led to downgrades, a slashing of their dividend, investor lawsuits, and a 70% drop in their stock price!
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