New York Community Bancorp In Bankruptcy Talks To Close Down

Bad commercial real estate loans. Hey, who recalls Signature Bank & Silicon Valley Bank.

Feb 01, 2024

∙ Paid

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.