Latest Signature Bank News
Embattled New York Community Bancorp gets $1 billion cash infusion, adds Steven Mnuchin to its board
NEW YORK (AP) — Embattled New York Community Bancorp announced a lifeline of more than $1 billion from a group of investors on Wednesday, after seeing its stock plunge by more than 80% this year. The announcement sent shares of the bank, which has been hammered by weakness in...
One year after buying a failed bank, New York Community Bancorp is struggling
A New York bank is under severe pressure Friday close to one year after absorbing a large chunk of another bank 30 miles (50 kilometers) away that had failed. Shares of New York Community Bancorp plunged after longtime CEO Thomas Cangemi, who has spent much of this year reassuring...
New York Community Bancorp tries to reassure investors as stock continues to wobble
NEW YORK (AP) — New York Community Bancorp tried to reassure investors Wednesday that it is financially sound, a day after the bank's credit rating got downgraded to “junk.” Shares of NYCB recovered from steep losses earlier in the day to close with a gain of 6.7%, but are...
Swiss bank UBS reports pretax loss in 4Q, plans share buybacks after Credit Suisse deal wraps up
GENEVA (AP) — UBS on Tuesday reported a fourth-quarter pretax loss of more than $750 million as the Swiss banking giant continued to integrate its longtime rival Credit Suisse after a government-orchestrated merger. The Zurich-based lender reported losses before tax of $751...
