NYCB total deposits drop 7% to $77.2 billion, shares fall

By Jerry  Published On March 8, 2024
March 7 (Reuters) – New York Community Bancorp (NYCB.N), opens new tab disclosed on Thursday it held deposits of $77.2 billion, down roughly 7% from the $83 billion it had on Feb. 5, sending its shares down 3.3% before the bell.
The lender also said its strategic initiatives for the year include lowering its commercial real estate exposure.
NYCB on Wednesday said it had raised $1 billion from investors including former U.S. Treasury Secretary Steven Mnuchin’s Liberty Strategic Capital and named a former Comptroller of the Currency its new CEO.

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