NYCB $1B Announces Equity Investment

NY Community Bancorp (NYCB) announces an over $1B equity investment. Jenny Horne discusses this as Joseph Otting it to become CEO of NYCB. Horne goes over how the BMO Chief Revenue Officer noted that U.S. office loans are a “small, contained problem.” She also looks at the SPDR S&P Regional Banking ETF (KRE). Tune in to find out more about the stock market today.

Market On Close

06 Mar 2024

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