Watch Fed Chair Powell testify live before Senate Banking Committee
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a…
NYCB says it lost 7% of deposits in the past month, slashes dividend to 1 cent
New York Community Bank said Thursday it lost 7% of its deposits in the turbulent month before announcing a $1…
European Central Bank hints at June rate cut as it trims inflation forecast
The European Central Bank on Thursday lowered its annual inflation forecast, as its confirmed a widely expected hold of interest…
Stock market bubble? Analysts explain why they’re not worried
Despite the heavy concentration of the U.S. market rally in expensive, AI-focused tech stocks, analysts say Wall Street is not…
Why private equity has been involved in every recent bank deal
The $1 billion-plus injection that New York Community Bank announced Wednesday is the latest example of private equity players coming…
NYCB shares rebound after troubled regional bank announces $1 billion capital raise
Struggling regional lender New York Community Bancorp announced a $1 billion capital raise and a leadership shake-up on Wednesday, headlined…
Watch Fed Chair Jerome Powell testify live on Capitol Hill before House panel
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a…
Powell reinforces position that the Fed is not ready to start cutting interest rates
Federal Reserve Chair Jerome Powell on Wednesday reiterated that he expects interest rates to start coming down this year, but…
