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 ZeroHedge: Gold/Silver: Four Fed Speakers today, Key Levels to Watch READ MORE Gold & Silver Mining Stocks Exposed: Long-Term Reality Revealed READ MORE How & Where to Buy Gold Coins [2024 Buying Guide] READ MORE January Sees U.S. Wholesale Prices Increase, Highlighting Ongoing Inflation Challenges READ MORE CENTRAL BANKS REIGNITE GOLD’S BULL RUN READ MORE Add a Comment Cancel replyYour email address will not be published.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
