BREAKING: New York Community Bank stock, $NYCB, the bank that acquired the collapsed Signature Bank, falls 40% after earnings. The bank announced that they will be cutting their dividend by 70% to meet regulatory requirements. They also reported a 4th quarter LOSS of $260 million while expectations were for a GAIN of that size. This comes just a few weeks before the Fed’s emergency loan program is set to expire. Some small banks are still feeling the pain.
