Former Treasury Secretary Steve Mnuchin Leads $1 Billion Rescue of Troubled NYCB: Will Regulators Approve?
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Former Treasury Secretary Steve Mnuchin has recently completed a billion deal to inject new capital into troubled lender New York Community Bancorp (NYCB), signaling a big bet that regulators do not want NYCB to suffer the same fate as Silicon Valley Bank (SVB). Mnuchin’s move comes just days before the one-year anniversary of the … Read more