Banking Crisis 2.0? NYCB Stock Down 60% in One Week New York Community Bancorp (NYCB) is actively working to calm investor nerves during a tumultuous week that saw its stock plummet by 60%. The turmoil was made worse when Moody’s decided to downgrade the bank’s credit rating to junk. In a late-night press release, NYCB disclosed that its total deposits have increased since the close of 2023, and its total liquidity pool of $37.3 billion now surpasses its uninsured deposit levels. This move is seen as an effort to restore confidence and stability in the face of recent financial challenges. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts What Could Derail Gold’s Bull Run? Watch Japan READ MORE Gold, silver and platinum’s red-hot rally still has further to go, strategists say READ MORE Inflation comes in hotter than expected in March READ MORE Japan’s GPIF Seeking Info on Illiquid Assets Such as Forests, Gold as Part of Research READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment
