Another bad quarter for NYCB shows CRE problems are not yet behind banks

By Yahoo! Finance | Oct 25, 2024 at 11:24 AM EST

New York Community Bancorp faced challenges in Q3 with higher loan loss provisions and losses, delaying profitability to 2026. The bank is restructuring to improve its financial position amid ongoing commercial real estate issues. Wells Fargo also anticipates losses in its commercial real estate portfolio.

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