Banking Crisis 2.0? NYCB Stock Down 60% in One Week New York Community Bancorp (NYCB) is actively working to calm investor nerves during a tumultuous week that saw its stock plummet by 60%. The turmoil was made worse when Moody’s decided to downgrade the bank’s credit rating to junk. In a late-night press release, NYCB disclosed that its total deposits have increased since the close of 2023, and its total liquidity pool of $37.3 billion now surpasses its uninsured deposit levels. This move is seen as an effort to restore confidence and stability in the face of recent financial challenges. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Financial Insecurity Looms for Gen X as Retirement Approaches READ MORE Nine years after fleeing in panic, the infamous Deutsche Bank is returning to the LBMA READ MORE Massive Student Debt Strike Amid Loan Repayment Challenges READ MORE Hidden Debt: How 'Buy Now, Pay Later' Is Clouding America's Economic Outlook READ MORE China's Economy Struggles Gain Momentum: Inflation and Factory Prices Disappoint READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment