News of New York

Ex-U.S. Official Drives NY Bank Stock Surge with Rescue Initiative
8 March 2024
4059
Banking on Redemption Shares of New York Community Bank (NYCB) surged on Thursday, propelled by news of a $1 billion rescue orchestrated by former Treasury Secretary Steven Mnuchin and his firm, Liberty Strategic Capital. Financial Turbulence and R...
US Government Auctions SVB and First Republic Wine Collections
1 September 2023
3841
Banking on the Unusual In an unexpected turn of events, a federal agency has taken control of Silicon Valley Bank and First Republic Bank, leading to the auctioning of their prized wine collections. This intriguing development sheds light on the unc...
First Citizens Bank cements position as major player in US banking with Silicon Valley Bank takeover
27 March 2023
3596
Deal betyween banks First Citizens Bank, shortly FCB, has recently made headlines with its announcement of the acquisition of Silicon Valley Bank's US operations, following the bank's collapse. This deal...
New York Community Bancorp's Strategic Move: Becoming the 3rd Largest Bank Failure in US History
20 March 2023
3511
Exploring the valuable assets held by Signature Bank in the US The recent collapse of Signature Bank (SB) has resulted in its acquisition by New York Community Bancorp (NYCB), making it the 3rd largest bank failure in US history with asset...
Due to the pandemic, banks are offering new accounts for the unbanked
25 October 2020
3144
Banks started offering a new type of account A huge number of consumers are unable to cash a cheque or visit an ATM because they are not customers of ordinary banks. Consumers are not the owners of bank accounts and the reason for this is the lack ...
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