NYCB Stock Drops Again, Pain Spreads to Regional Banks
New York Community Bancorp stock plunged for a second day Thursday after the regional bank reported a surprise loss, and wrote down bad real-estate loans.
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New York Community Bancorp stock plunged for a second day Thursday after the regional bank reported a surprise loss, and wrote down bad real-estate loans.
The S&P 500, the Nasdaq, and the Dow all had a great week. But what the Fed does is still the big X Factor.
While some are convinced that the Federal Reserve has steered the economy to a soft landing, stocks haven't been the better for it over the past month.
Tech has surged, the Fed is well into a tightening cycle, and yields on fixed-income securities have risen materially. Luckily, this is 2023, not 2000, and...
Troubled US bank First Republic says it plans to sell off assets, restructure its balance sheet, and lay off staff Read Full Article at RT.com