New York Community Bancorp, Inc. (NYCB)
After hours:
- Bloomberg
The FDIC Notched a $500 Million Gain on the SVB Sale to First Citizens
(Bloomberg) -- The Federal Deposit Insurance Corp. is set to collect the instant windfall that it engineered as part of First Citizens BancShares Inc.’s government-backed takeover of Silicon Valley Bank.Most Read from BloombergParents Are Paying Consultants $750,000 to Get Kids Into Ivy League SchoolsTrump Faces Fingerprints, Mug Shot After Dramatic IndictmentSchwab Hit by Worst Month Since 1987 Amid Cash Sorting WoesChina Hits Micron With Review of Chips, Citing Security RisksUS Stocks Extend R
- Reuters
UPDATE 1-FDIC exercises rights in First Citizens, New York Community Bank stocks
Regulator Federal Deposit Insurance Corporation (FDIC) exercised its equity rights in First Citizens BancShares Inc and New York Community Bancorp Inc as part of the deals to rescue failed lenders Silicon Valley Bank and Signature Bank. The equity right to purchase $500 million in First Citizens was exercised on March 28, according to a filing on Friday. A spokesperson for the regulator confirmed FDIC also exercised its option to acquire shares of New York Community Bancorp.
- Zacks
Zacks Industry Outlook Highlights New York Community Bank, Banner and Berkshire Hills
New York Community Bank, Banner and Berkshire Hills have been highlighted in this Industry Outlook article.
