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Stock impact report

NYCB delays annual shareholders meeting by two weeks [Yahoo! Finance]

Signature Bank (SBNY) 
Last signature bank earnings: 4/23 05:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.signatureny.com/investor-relations
Company Research Source: Yahoo! Finance
The bank disclosed the change in date late on Friday. It had earlier announced its 2024 AGM on May 17. NYCB did not immediately respond to a Reuters request for comment seeking details about the delay. The bank has been under pressure since January when it posted a surprise loss for the fourth quarter due to higher provisions tied to its exposure to the commercial real estate portfolio. It also slashed its quarterly dividend by 70% in January to bolster capital to deal with stricter regulations for banks with more than $100 billion in assets. NYCB's acquisition of Flagstar Bank in 2022 and some assets of failed Signature Bank last year had pushed it above the $100-billion threshold. In March, the troubled lender raised $1 billion from investors including former U.S. Treasury Secretary Steven Mnuchin's Liberty Strategic Capital and named a former Comptroller of the Currency its new CEO. At the time, it also promised to unveil a turnaround plan aimed at reducing its commerc Show less Read more
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