NYCB Stock Falls 37% Today - Problem For Mybankingdirect?

jeremyharrison | Feb 1, 2024 | 56 posts since 2011

New York City Bancorp's stock fell 37% today. From what I gather, New York Community Bank and Mybankingdirect are both online divisions of Flagstar. Does this look ominous for either NYCB or Mybankingdirect?

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jeremyharrison | Feb 1, 2024 | 56 posts since 2011

Edit - New York COMMUNITY Bancorp's stock fell.....

chipcollector | Feb 1, 2024 | 111 posts since 2010

Big reserve taken for souring commercial real estate loans.
Hopefully, this will be the end of the big reserves

CDMD | Feb 6, 2024 | 141 posts since 2022

Tanking stock price continues. The nature of and background backstory regarding regulatory conversations leading up to this outcome makes this an interesting delicate situation. Wondering how low this goes and its implications on depositors getting nervous to liquidate. Could make matters worse

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