Episode 87: NYCB rollercoaster continues!

This episode examines the continuing roller coaster ride for New York Community Bancorp. NYCB was rescued this week after investors replaced the CEO and injected over $1 Billion in fresh capital. NYCB’s stock has plummeted recently as they have announced revisions to their financial statements, replaced their CEO and other executives, disclosed a lack of internal controls, in addition to stating that 40% of their office loan portfolio is currently labelled as “criticized.” Will the new CEO and injection of capital be enough to save this bank?

Link to episode 63: NYCB in trouble - https://youtu.be/U7Qci7xdrns