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 Fidelity's Macro Guru Sees Bitcoin Reaching $6 Trillion Valuation READ MORE Oil Prices Tread Water as Market Anticipates US InflationInsights READ MORE Fed's Inflation Blunder Sets Stage for Looming US Recession, Says Top Economist READ MORE Gold Prices Waver as Markets Await Inflation and Fed Signals READ MORE Fed’s Powell: Elevated inflation will likely delay rate cuts this year READ MORE Add a Comment Cancel replyYour email address will not be published.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
