Por: MarketWatch Business February 01, 2024
The bank’s swoon weighed on the financial sector, with the SPDR S&P Regional Banking ETF down by 2.5% and the KBW Bank Index off by 1.6%. Earlier, the KRE index fund had been down by 10.9% over the previous two days — the biggest two-day selloff since it tumbled 16.2% over the two sessions ended March 13, 2023, on the heels of the collapse of Silicon Valley Bank. Investor Chris Whalen, chairman of Whalen Global Advisors, said New York... + full article
MarketWatch USA Business January 31, 2024
The Hicksville, N.Y.-based bank missed Wall Street’s revenue and net-interest-income estimates and reported an increase in net charge-offs, which is money it doesn’t expect to be paid back. New York Community Bancorp’s stock fell 35%. The stock was paused during the... + más
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A company that sold triggers that make semi-automatic, AR-15-style rifles fire like automatic weapons likely misled consumers that the devices were legal, and it continued selling them even after being warned by the U.S. government, a federal judge in New York ruled Tuesday.The... + más
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Signature Bank, which in the wake of , will be taken over by New York Community Bancorp, the Federal Deposit Insurance Corporation (FDIC) Sunday. With deposits of $88.6 billion and more than $110 billion in assets at the end of 2022, Signature Bank's collapse is... + más
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banks, Silicon Valley Bankgetty and the effects of contagion fear is immediately apparent in the stock price declines of bank stocks all over the country. outside the locked doors of a Silicon Valley Bank branch — waiting to withdraw their money — has investors in financial... + más
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