New York Community Bancorp shares fell 38% on Wednesday, partly on worries concerning the financial institution’s publicity to business actual property. Today on the present, Ethan Wu is joined by Robert Armstrong and FT property correspondent Joshua Oliver, who clarify what’s occurring with NYCB, and what the financial institution’s troubles inform us concerning the business actual property market, regional banks and the broader financial system. Also, we’re each lengthy and brief staff returning to the workplace.
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https://www.ft.com/content/e9ed70ad-7964-473a-b357-ae952faeb5ef
