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By Will Feuer Shares of New York Community Bancorp rose after company executives and board members bought nearly $1 million worth of the battered stock....
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.
New York Community Bancorp Inc. tried to reassure investors Wednesday, saying total deposits have increased in the last several weeks and that it had “ample”...
New York Community Bancorp was sued on Tuesday by shareholders after the embattled lender posted unexpected commercial real estate loan losses and slashed its dividend, causing its stock price to sink...
NEW YORK (Reuters) -New York Community Bancorp was sued on Tuesday by shareholders after the embattled lender posted unexpected commercial real estate loan losses and slashed its dividend, causing its stock price to sink to a nearly 27-year low. 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. Led by Tennessee resident Walter Lemm, shareholders accused the bank of having inflated its stock price since la...