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

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

The New York Times - Business:

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.

This post first appeared in The New York Times - Business. Read the original article.