Former FDIC chair Sheila Bair assures consumers that New York Community Bank's $1B capital infusion removes it from potential failure "watch list", despite losing 7% of deposits.
Former FDIC chair Sheila Bair states that consumers should not worry about New York Community Bank's turbulent month, during which it lost 7% of deposits. A $1B capital infusion removes the bank from the potential failure "watch list". Bair, a member of the CNBC Global Financial Wellness Council, assures that most consumers' money will not be affected.
March 07, 2024
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