NYCB Completes $1 Billion Cash Injection; Plans Reverse Stock Split
New York Community Bancorp (NYCB) late Monday said it closed a $1 billion equity investment from a group of firms led by former Treasury Secretary Steven Mnuchin's Liberty Capital.
The bank announced its intention to propose a one-for-three reverse stock split to shareholders.
Mnuchin and fellow investors Milton Berlinski and Allen Puwalski, as well as former Comptroller of the Currency Joseph Otting, joined the troubled lender's 10-member board of directors. $New York Community Bancorp(NYCB.US$
The bank announced its intention to propose a one-for-three reverse stock split to shareholders.
Mnuchin and fellow investors Milton Berlinski and Allen Puwalski, as well as former Comptroller of the Currency Joseph Otting, joined the troubled lender's 10-member board of directors. $New York Community Bancorp(NYCB.US$
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