Management told investors that deposits had fallen, but the bank’s shares jumped on the details of a shift in strategy and large cash infusion led by the former Treasury secretary Steven Mnuchin.Management told investors that deposits had fallen, but the bank’s shares jumped on the details of a shift in strategy and large cash infusion led by the former Treasury secretary Steven Mnuchin. Read More
New York Community Bank Tries to Reassure Markets After $1 Billion Rescue
