NYCB Spotlights US Regional Banks' Vulnerability
Herman Chan, Senior Analyst, Bloomberg Intelligence
09-Feb-24 07:30
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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.
Image credit: Shutterstock.com
Produced by: Moh Heng Ying
Presented by: Shazana Mokhtar, Wong Shou Ning, Philip See
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Categories: markets, economy, international
Tags: new york community bank, us regional banks,