Shares of New York Community Bank (NYCB) plunged more than 40% Wednesday afternoon after The Wall Street Journal reported that the beleaguered regional lender is seeking a major cash infusion.
The report, citing people familiar with the matter, said bankers are actively trying to “gauge investors’ interest in buying stock in the company.”
That raises more questions over whether the Long Island-based bank is seeing depositors pull their funds.
This is a developing story and will be updated.
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