New York Community Bancorp downgrade stokes fears of regional bank failures
Source: @BreaknNews
USA TODAY - For more and to sign up click here Julia Shapero New York Community Bancorp (NYCB) stock tumbled Wednesday morning after Moody’s Investor Service downgraded the bank to its lowest possible investment-grade rating late. NYCB’s shares fell nearly 14 percent early Wednesday following the downgrade, which Moody’s attributed to the “multi-faceted financial, risk-management and governance challenges facing”…
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