New York Community Bancorp Counters Moody’s Junk Status, Asserts Strong Deposits

Just one week following a dramatic plunge in New York Community Bancorp’s shares, which tumbled 40% in a single day at January’s shut, Moody’s Investors Service downgraded the financial institution’s credit standing to junk standing. The financial institution’s troubles have ignited considerations over a possible banking contagion that continues to unsettle regional banks. On Wednesday, the lately […]