Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Regulatory failures are blamed for the financial troubles at NYCBancorp, as US banking regulators approved deals that contributed to the bank's woes. The Office of the Comptroller of the Currency greenlit NYCB's $2.6 billion merger with Flagstar Bank despite concerns.
The Office of the Comptroller of the Currency approved New York Community Bank's $2.6 billion merger with Flagstar Bank even though banking regulators feared the deal could contribute to financial problems at the New York bank https://t.co/yev9h69RzC https://t.co/FHTB7kIGEP
"The Flagstar-NYCB merger should never have been allowed…on the merits at the time." https://t.co/8SeUw85cI0
Insight: US regulators greenlit NYCB's rapid growth, even with red flags https://t.co/k4OIfnmC8q https://t.co/V6mLx3zXi0
