New York Community Bancorp dropped 23% ,
after more signs of trouble at that lender and a smaller peer revived fears about the stability of the sector a year after a string of high-profile failures.
Now waves of commercial real-estate loans are set to come due, threatening to put more pressure on the smaller banks that hold high concentrations of them.
NYCB shares traded below $4 a piece on Friday, down from around $10 earlier this year.
Wall Street Journal 1 March 2024
Moody’s cuts New York Community Bancorp’s credit rating to junk
https://englundmacro.blogspot.com/2024/02/moodys-cuts-new-york-community-bancorps.html
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