And you can rest assured, half billion dollar increase in loan-loss reserves, Munsun leaving, dividend cut, layoffs are to follow. Maybe someone acquires, but there will be layoffs either way - not sure how we got here but it for sure does not look good for the employee.
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NYCB is a complete joke.
I miss Flagstar Bank. This merger is a mess.
https://www.zerohedge.com/markets/new-york-community-bancorp-cut-junk-moodys-33-deposits-uninsured