New York Community Bank Reports 7% Deposits Drop and Dividend Reduction to 1 Cent
Thursday, 7 March 2024, 13:39
NYCB Deposit Update
New York Community Bank (NYCB) recently disclosed a substantial 7% decrease in deposits, marking a notable decline to $77.2 billion as of March 5. This amount contrasts significantly with the previous $83 billion figure noted on Feb. 5.
Dividend Reduction to 1 Cent
The investor presentation confirmed a cut in NYCB's dividend payout to 1 cent per share, aligning with the bank's measures to address the shifting financial landscape.
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