NYCB Faces Investor Suit Over Signature Bank Takeover 

By Katryna Perera

New York Community Bancorp has been hit with a class action by an investor who claims the bank failed to disclose that it had a deteriorating book of loans which would, in turn, cause major losses and force it to cut its quarterly dividend to preserve capital, following its acquisition of assets from the now-defunct Signature Bank. 

 Complaint attached | Read full article » | Save to favorites »