Moody’s has downgraded New York Community Bancorp’s credit rating to junk status due to concerns about the bank’s profitability and asset quality. The downgrade reflects the challenges facing the bank in a low interest rate environment and the potential for increased loan losses. The bank’s stock price has also dropped significantly following the announcement.

$5 / month
ShortyPRO Monthly
Monthly ShortyPRO subscription:
  • No ads!
  • Full access to all categories:
    • Business
    • Tech
    • Health
    • Sport
    • Entertainment
    • World
+ All future updates and features!
Free trial
ShortyPRO Trial
ShortyPRO experience for two weeks:
  • No ads!
  • Full access to all categories:
    • Business
    • Tech
    • Health
    • Sport
    • Entertainment
    • World