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The Guardian - US
The Guardian - US
Business
Callum Jones in New York

New York Community Bancorp shares plummet amid unease over regional banking

New York Community Bancorp NYCB New York United States
man in front of a screen displaying stock figures for new york community bancorp
NYCB first set off alarm bells on Wall Street a week ago by revealing a surprise quarterly loss and cutting its dividend for shareholders. Photograph: Brendan McDermid/Reuters

Shares in New York Community Bancorp (NYCB) continued to fall on Wednesday, heightening unease about the US’s regional banking sector.

The bank’s stock has fallen by more than 60% to its lowest level in decades in recent days despite a scramble by the mid-sized lender to reassure investors of its financial strength.

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