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 Gold Retreats from All-Time Highs as Traders Eye UpcomingU.S. Inflation Data READ MORE CENTRAL BANKS REIGNITE GOLD’S BULL RUN READ MORE Cash's Comeback: Investors and Corporates Bet Big Despite Rate Cut Delays READ MORE Japan used $59bn to prop up the yen but consumers may still cut back READ MORE Add a Comment Cancel replyYour email address will not be published.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