March 08, 2024 BY Elizabeth Anderson
NYCB gets $1bn capital backing
The bank announced on Wednesday, 6 March 2024 that former Whitehouse Comptroller of the Currency, Joseph Otting, is its new CEO. This appointment is part of a $1bn capital infusion from investors, which reportedly includes past Treasury Secretary Steven Mnuchin. High interest rates and a problematic commercial real estate (CRE) market are some of the…
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