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NYCB shares halted after slump on reports struggling bank eyeing cash injection
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Investing.com -- New York Community Bancorp fell more than 40% on Wednesday and shares were halting as the struggling bank is reportedly sounding out interest among outside investors for a cash injection to strengthen its finances amid fears about exposure to bad real-estate loans.
New York Community Bancorp Inc (NYSE:NYCB) stock was last down 42% and halted for news pending.
The bank reportedly hired bankers to gauge investor interest in buying stock of the company, Reuters and the Wall Street Journal reported Wednesday. NYCB did not immediately respond to a request for comment from CNBC.
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