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Nearly a year ago, New York Community Bank waded into the regional bank crisis, buying up assets in failed Signature Bank, helping secure a spot in the list of banks with over $100 billion in assets. The surprise loss drove down other regional bank shares, dragging the KBW regional index down 6%, as it reignited concerns over the health of smaller lenders some of which are still recovering from bank failures in the U.S. last year. Here are key facts about NYCB. ....
Nearly a year ago, New York Community Bank waded into the regional bank crisis, buying up assets in failed Signature Bank, helping secure a spot in the list of banks with over $100 billion in assets. . ....
Banks continue to navigate a bumpy landscape in loans tied to a drop in office-space value and rent prices in many markets as workers stay at home. ....
The bank reduced its payout to 5 cents from 17 cents after absorbing losses tied to two loans and as it builds up capital to meet requirements for larger. ....