New York Community Bancorp, Inc. (NYCB)
- Yahoo Finance Video
NYCB to sell $5B worth of loans to JPMorgan
Shares of New York Community Bancorp (NYCB) are trading higher during Wednesday's morning trading session, boosted by the bank's announcement of a loan sale. The regional lender has reached an agreement to sell approximately $5 billion worth of loans to JPMorgan Chase (JPM). This strategic move, as stated by the bank's CEO, is directly linked to efforts aimed at "improving our capital liquidity and loan-to-deposit metrics." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
- Yahoo Finance
JPMorgan gives a lift to another troubled regional bank
JPMorgan Chase is once again providing a lift to another troubled regional lender a year after it helped calm a banking crisis. This time, it's NYCB.
- Zacks
New York Community (NYCB) to Sell Warehouse Loans To JPM
New York Community's (NYCB) sale of mortgage warehouse loans to JPMorgan (JPM) will improve the former's capital, liquidity and loan-to-deposit metrics.
