2024-03-08 | Industry Dynamics
Weak U.S. Banks Surge As NYCB Stabilizes On USD1B Capital Raise
Today’s News The number of struggling banks in the United States has witnessed an 18% increase, caution regulators, as New York Community Bank (NYCB) successfully stabilized through a USD 1 billion capital raise led by former U.S. Treasury Secretary Steven Mnuchin. A year after the upheaval caused by the Silicon Valley Bank’s failure, NYCB’s recent […]