Tags: NYCB

New York Community Bancorp to Get More Than $1 Billion Investment

By Justin Baer, Gina Heeb and Lauren Thomas New York Community Bancorp is raising more than $1 billion from a group of investors including former Treasury Secretary Steven Mnuchin, in a bid to shore up confidence in the troubled regional lender. A group led by Mnuchin’s Liberty Strategic Capital, Hudson Bay Capital and Reverence Capital Partners and including Citadel and some of […]

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NYCB Flags Weaknesses in Loan Oversight and Names New CEO

By Hannah Levitt and Sally Bakewell Commercial real estate lender New York Community Bancorp said it discovered “material weaknesses” in how it tracks loan risks, wrote down the value of companies acquired years ago and replaced its leadership to grapple with the turmoil. The stock plunged. Alessandro DiNello will become chief executive officer effective immediately, succeeding Thomas Cangemi, the lender said in […]

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