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Home » Embattled lender NYCB seeks cash infusion, source says

Embattled lender NYCB seeks cash infusion, source says

    NYCB did not immediately respond to a Reuters request for comment. NYCB has been under pressure since it posted a surprise fourth-quarter loss on Jan. 31 due to higher provisions tied to its exposure to the beleaguered commercial real estate (CRE) sector and cut its dividend. "We do not see a sale as likely outcome for NYCB," Citigroup analyst Keith Horowitz wrote in a note last week after the bank's disclosure.

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