NYCB sells $5 billion loan to JPMorgan!
$New York Community Bancorp(NYCB.US$ Tonight, get a 5 billion dollar warehouse-secured loan $JPMorgan(JPM.US$ It was reported that they had agreed to sell it to
The company is facing a serious funding shortfall, and there is a possibility of a flat tire soon.
The processing of these so-called mortgage warehouse loans will strengthen NYCB's capital, improve liquidity, and hold earnings in cash and securities, the company said in a statement not disclosing terms on Tuesday. The NYCB told investors about 2 weeks ago that it was prepared to carry out a transaction of that scale at the face value after deducting transaction fees.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
