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Stock impact report

NYCB takes more action as CEO works a new business plan [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
He also announced its second dividend cut this year and revealed a 7% decline in deposits. Joseph Otting, former comptroller of the currency for the Trump administration, was named NYCB's CEO yesterday as the bank received a $1 billion equity infusion from a group of investors that included former Treasury Secretary Steven Mnuchin's Liberty Strategic Capital and several other firms and members of the bank's management team. Otting and non-executive chair Alessandro DiNello said on a call with analysts Thursday they will present a new business plan for the bank in late April. Otting was previously credited with the turnaround of IndyMac, a mortgage lender Mnuchin bought out of the Federal Deposit Insurance Corporation's (FDIC) receivership in 2009 with an investor group. The bank reported that it had $77.2 billion in total deposits as of March 5, a decline of about 7% from a month ago when they totaled $83 billion. About 19.8% of its deposits were uninsured, a relatively low conc Show less Read more
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