Regional Bank Failures: NYCB Receives $1B Lifeline
Friday, 8 March 2024, 16:22
Regional Bank Failures: NYCB Receives $1B Lifeline
Former US Treasury Secretary Steve Mnuchin is leading an investment group to bail out New York Community Bancorp (NYCB) with a $1 billion rescue plan. The investment will come from Liberty Strategic Capital, Hudson Bay Capital, and Reverence Capital Partners. This plan puts the spotlight on regional banks, which recorded a difficult 2023.
Recap of 2023 Regional Bank Failures
Yahoo Finance Anchors Brad Smith and Seana Smith recap the regional bank failures of 2023.
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