New York Community Bancorp (NYCB.N), opens new tab reported second-quarter loss that was worse than Wall Street’s expectations on Thursday, as it set aside more money to cover potential losses from its office and multi-family loan book.
Its shares fell 11% as the downbeat results upset the poise that the lender had regained over the last few months after an investment from former Treasury Secretary Steven Mnuchin and a promise to return to profitability next year.
Source: REUTER
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