1st Bank Failure of 2024 imminent. NY Community Bancorp (100 billion) drops 40% to $1.86, halted as troubled bank seeking cash infusion

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This bank is on end of life support in the Bank ICU. This will be a very large failure and will be the first of many due to the horrendous banking environment with Commercial Real Estate being a dead man walking and all the other known lending problems. March 11th will kick off more challenges as the Emergency Lending Facility is expiring at the Fed.

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New York Community Bancorp tumbles 40% and is halted as troubled bank reportedly seeking cash infusion.

https://www.cnbc.com/2024/03/06/new-york-community-bancorp-tumbles-40percent-and-is-halted-as-troubled-bank-reportedly-seeking-cash-infusion.html

 

AC