New York Community Bancorp Counters Moody’s Junk Status, Asserts Strong Deposits
Submitted by Anonymous (not verified) on Thu, 02/08/2024 - 15:50
Just one week following a dramatic plunge in New York Community Bancorp’s shares, which tumbled 40% in a single day at January’s close, Moody’s Investors Service downgraded the bank’s credit rating to junk status. The bank’s troubles have ignited concerns over a potential banking contagion that continues to unsettle regional banks. On Wednesday, the recently […]