Key Insights Given the large stake in the stock by institutions, New York Community Bancorp's stock price might be...
The regulator requested NYCB to revise its proxy filing to briefly discuss the reasons for its recent capital-raise including its initiative to continue reducing its exposure to the beleaguered commercial real estate (CRE) sector. The SEC sought revised disclosures on eight different matters in the proxy filing. NYCB in response filed a revised preliminary proxy statement in late-April.
Associated Banc-Corp (ASB) announces that its ratings and outlook have been affirmed given well-managed loans and deposit mix. Weak capital & liquidity and significant CRE loan concentration are woes.