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NYCB Spotlights US Regional Banks' Vulnerability

NYCB Spotlights US Regional Banks' Vulnerability

Morning Brief

February 8, 202411m 40s

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Show Notes

Last week, New York Community Bank (NYCB) revealed losses of USD$252 million in the fourth quarter due to exposure to the commercial real estate market. Could there be a contagion effect to other regional banks, reminiscent of the 2023 collapse of Silicon Valley Bank and Signature Bank? We discuss the implications with Herman Chan with Bloomberg Intelligence.

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