NYCB Hit with Class-Action Lawsuit Alleging They Hid Acquisition Risks

By Franco Faraudo

New York Community Bank has endured a difficult year, and the situation appears to be worsening. In January, NYCB's earnings report revealed a substantial $252 million loss in the final quarter of 2023. This loss prompted a significant dividend cut, largely attributed to a $552 million provision for loan losses. These provisions were necessary to […]

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