New York Community Bancorp In Bankruptcy Talks To Close Down
Bad commercial real estate loans. Hey, who recalls Signature Bank & Silicon Valley Bank.
NY Community Bank (Hicksville, LI, NY) is the 34th largest bank in the USA with $118 billion in assets. $2 trillion in commercial real estate (CRE) loans will go bad by December 2025, so many more Signature, Silicon Valley & NY Community Bank events are expected in the coming weeks & months.
American Banker reported in Oct 2023 that bad CRE loans are "th…
Keep reading with a 7-day free trial
Subscribe to Global Community Weekly (GloCom) to keep reading this post and get 7 days of free access to the full post archives.