Steven Mnuchin leads $1 billion attempt to rescue NYCB

FYI.

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Steven Mnuchin leads $1 billion attempt to rescue NYCB

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NYCB Announces $1BN Equity Infusion, Fmr Tsy Sec Mnuchin Joins Board:

And the hits just keep coming…
Once the darling of the small banking crisis comeback, New York Community Bancorp has crashed 30% to fresh 28 year lows after The Wall Street Journal reports the bank is seeking to raise equity capital in a bid to shore up confidence in the troubled regional lender.

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