New York
Downgrade stirs concerns of regional bank failures
New York Community Bancorp stock tumbled this week after recently receiving the lowest investment grade rating possible. {beacon} Business & Economy Business & Economy The Big Story Bank’s shares slide after downgrade, stoking fears New York Commu
Its shares fell nearly 14 percent early Wednesday following the downgrade, which Moody’s attributed to the “multi-faceted financial, risk-management and governance challenges facing” the bank.
The bank’s shares had recovered slightly to a loss of 2.5... [1312 chars]
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