BFM Podcast
NYCB Spotlights US Regional Banks' Vulnerability
09-Feb-24 07:30
Herman Chan, Senior Analyst, Bloomberg Intelligence
Last week, New York Community Bank (NYCB) revealed losses of USD$252 million in the fourth quarter due to exposure to the commercial real estate market. Could there be a contagion effect to other regional banks, reminiscent of the 2023 collapse of Silicon Valley Bank and Signature Bank? We discuss the implications with Herman Chan with Bloomberg Intelligence.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
