New York Community Bancorp Counters Moody’s Junk Status, Asserts Strong Deposits

Just 1 week pursuing a melodramatic plunge successful New York Community Bancorp’s shares, which tumbled 40% successful a azygous time astatine January’s close, Moody’s Investors Service downgraded the bank’s recognition standing to junk status. The bank’s troubles person ignited concerns implicit a imaginable banking contagion that continues to unsettle determination banks. On Wednesday, the precocious […]