New York Community Bancorp Counters Moody’s Junk Status, Asserts Strong Deposits
![New York Community Bancorp Counters Moody’s Junk Status, Asserts Strong Deposits](https://cryptoinvestment.at/wp-content/uploads/2024/02/new-york-community-bancorp-counters-moodys-junk-status-asserts-strong-deposits.jpg)
Just one week following a dramatic plunge in New York Community Bancorp’s shares, which tumbled 40% in a single day at January’s close, Moody’s Investors Service downgraded the bank’s credit rating to junk status. The bank’s troubles have ignited concerns over a potential banking contagion that continues to unsettle regional banks. On Wednesday, the recently […]