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Bloomberg Businessweek
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Major Investment and Board Changes at New York Community Bank
The chapter discusses a billion-dollar equity investment in New York Community Bank led by Liberty Strategic Capital, Hudson Bay Capital, and Reverend's Capital Partners, with new directors including Stephen Mnuchin and Joseph Otting. It raises concerns on the impact of dilution on existing shareholders and questions if the investment will be sufficient to address the bank's balance sheet risks, along with insights into the new CEO's strategies for growth and retention.
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