"NYCB Struggles to Raise Equity Capital Amid Stock Plunge"
TL;DR
New York Community Bancorp's stock tumbled as much as 47% as the lender attempts to raise equity capital to restore investor confidence amid a challenging year marked by dividend cuts, increased provisions for loan losses, and a change in leadership. The company is working with advisers, including Jefferies Financial Group Inc., to gauge investor interest in buying stock. NYCB, a major lender to owners of apartment buildings and offices in New York, has seen its credit ratings downgraded to junk and faces pressure from rapid growth through acquisitions.
- NYCB Tumbles as Beleaguered Lender Tries to Raise Equity Capital Yahoo Finance
- NYCB Gets $1 Billion Equity Injection; Stock Jumps After Halt Lifts Barron's
- More problems at New York Community Bancorp have yet to derail the big bank trade CNBC
- NYCB’s stock plunges 45% after report it’s exploring a stock sale, highlighting uncertainty about its future MarketWatch
- New York Community Bancorp Stock Tumbles | TIME TIME
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