Joseph Otting

Rescued New York Community Bank to lay off 700 at its Flagstar subsidiary

October 21, 2024 · Business

Struggling New York Community Bancorp said Friday that it is cutting 700 jobs at its Flagstar subsidiary as it tries to return to profitability after being rescued by…

UPDATE 3-NYCB closes $1 bln capital infusion deal, announces reverse stock split

March 11, 2024 · Business

(Adds details on fund raise in paragraph 8) March 11 (Reuters) – New York Community Bancorp said on Monday it had closed the $1 billion capital infusion deal…