NYCB Trading Halted, Seeks Emergency $1 Billion In Funding

Bank Runs Imminent? NYCB Trading Halted, Seeks Emergency 

$1 Billion In Funding

Noah

I’ve been shouting from the rooftops that the banking crisis of last year was not over…

And I’ve been specifically warning you that New York Community Bank is NOT safe.  Not out of the woods.  Not even close.

Well, sadly it looks like I was right again, because this just broke:

It was only 5 short days ago that they were telling you this:

New York Community Bank, $NYCB, just 5 days ago: "The company has strong liquidity and a solid deposit base." Reports on New York Community Bank, $NYCB, today: Looking to raise capital to "restore confidence." We've seen this before.

When they tell you peace and security, what they really mean is war and chaos.

It’s always the opposite of whatever they try to tell you.

I could see this one a mile away and I warned you about it right here on March 1:

After trading was halted and the plunge of another 42% down, CNBC reports a new $1 billion of funding has reportedly been secured:

We will see what happens, but so far we've reported on this story 100% correctly, often in the face of what the "experts" keep telling you.

Will this new $1 billion save them?

I don't think it's enough, but we will see.

Oh, and here's why this is a HUGE deal:

FACT-CHECK: New York Community Bank (NYCB) Is a Top 30 U.S. Bank!

We've been actively reporting on the crash of New York Community Bank, which has plunged roughly 60% over the past week and it looks on track to either be merged, taken over, or outright fail.

Earlier today Moody's downgraded them to "Junk Status" and you don't need to be a financial expert to understand that's not good

But I wanted to comment on something to put this into what I feel is the right perspective.

I've seen some people try to write this off as just one small bank failing and not a big deal.  Even as 5 U.S. banks failed last year and now we already have one teetering on the edge in 2024, it's easy to say it's no big deal because it's just some small, regional bank that no one has heard of.

Except....that's not really true.

NYCB is actually the 29th largest bank in the USA:

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