New York Community Bancorp, a bank holding company that took over some of the deposits of American banks that went bankrupt due to the financial crisis last March, ended up in the red for the three months ending in December of last year. Ta. The main factor is that companies are spending more money to prepare for bad debts, and stock prices have plummeted, raising concerns about management.
New York Community Bancorp is a bank holding company that owns Flagstar Bank, which acquired some of the deposits and assets of Signature Bank, an American bank that went bankrupt due to financial instability in March last year.
On the 31st, the company announced its financial results for the three months from October to December last year, and the final loss was a deficit of 252 million dollars, or approximately 37 billion yen in Japanese yen.
In this fiscal year, companies' expenses to prepare for bad debts increased sharply by 4.4 times compared to the same period last year, leading to a final deficit.
Following the financial results, the stock price of this bank holding company plummeted by 37% at the closing price on the New York Stock Exchange on the 31st, raising concerns about its management.