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New York Community Bank Tries to Reassure Markets After $1 Billion Rescue

Management told investors that deposits had fallen, but the bank’s shares jumped on the details of a shift in strategy and large cash infusion led by the former Treasury secretary Steven Mnuchin.

J. Edward Moreno
Author: J. Edward Moreno

Written by

J. Edward Moreno

in

Mnuchin, Steven T, New York Community Bancorp Inc., Otting, Joseph M
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