New York Community Bancorp is sued by shareholders as stock tumbles : vimarsana.com

In a proposed class action filed in Brooklyn federal court, shareholders said the regional bank defrauded them by failing to disclose it would set aside more money for credit losses, and cut its dividend 71% to shore up its balance sheet.

Related Keywords

Tennessee , United States , Brooklyn , New York , Hicksville , Queens County , Thomas Cangemi , Walter Lemm , John Pinto , Silicon Valley Bank , Lemmv New York Community Bancorp , Us District Court , Flagstar Bank , Reuters , York Community Bancorp , Queens County Savings Bank , Signature Bank , New York Community Bancorp , Executive Thomas Cangemi , Chief Financial Officer John Pinto , New York Based , Queens County Savings , First Republic , Eastern District , World News , New York Community , Bancorp ,