NYCB says it lost 7% of deposits in the past month, slashes dividend to 1 cent
Publishing timestamp: 2024-03-07 12:07:43
Summary
New York Community Bank lost 7% of its deposits before announcing a $1 billion-plus capital injection from investors led by Liberty Strategic Capital. The bank also slashed its quarterly dividend and faced concerns about its loan book and deposit base. Former Treasury Secretary Steven Mnuchin's investment has raised hopes for the bank's future.
Sentiment: NEGATIVE
Tickers: NYCB,
Keywords: new york, markets, business, investment strategy, new york community bancorp inc, breaking news: markets, breaking news: investing, banks, steven mnuchin, dividends, business news,