New York Community Bank: Canary in the Coal Mine for CRE Pain?
- Author
- The Real Deal
- Published
- Mon 05 Feb 2024
- Episode Link
- https://therealdeal-deconstruct.fireside.fm/nycbdistress
New York Community Bank reported a surprise loss in the fourth quarter, took an axe to its dividend and socked away over $500 million for commercial real estate losses. The bank's stock sunk to a 23-year low and other regional lenders fell in response. Is NYCB a red flag or a one-off for CRE distress in the banking space? Deconstruct digs in.
