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 For a record 446 days, this recession indicator pointed to a downturn that never arrived READ MORE The Day the Hunt Brothers Capped the Price of Gold (Part I) READ MORE Billionaire investor Ray Dalio says he’s owning gold to hedge the risk of debt and inflation crises READ MORE MARKETS Copper prices climb to 2024 high as Citi calls the start of the metal’s second bull market this century READ MORE Add a Comment Cancel replyYour email address will not be published.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
