US Markets
Wednesday, March 6th, 2024 5:51 pm EDT
Key Points
- New York Community Bancorp shares experienced a significant decline of over 40% following reports indicating the regional bank’s pursuit of a cash infusion.
- Reuters and the Wall Street Journal both released articles stating that the bank is actively seeking external investors to bolster its balance sheet.
- Despite these reports, New York Community Bancorp has not yet responded to CNBC’s request for comment regarding the situation.
Shares of New York Community Bancorp plummeted over 40% following reports that the regional bank is actively seeking a cash infusion. According to Reuters and the Wall Street Journal, the bank is exploring options to raise funds from external investors in order to bolster its balance sheet. As of now, NYCB has not provided any official statement or response regarding these reports.
For the full original article on CNBC, please click here: https://www.cnbc.com/2024/03/06/new-york-community-bancorp-tumbles-40percent-and-is-halted-as-troubled-bank-reportedly-seeking-cash-infusion.html
