Exclusive: Fmr. Treasury Secretary Mnuchin on NYCB Investment 3/7/24
Squawk on the Street
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Mnuchin's Firm Leads Billion-Dollar Investment in NYCB
The chapter delves into former Treasury Secretary Mnuchin's firm leading a billion-dollar equity investment in NYCB, highlighting past deals, risks, and challenges in refinancing. It discusses the implications of rent-controlled units, deposit flight, and board changes post the financial deal. The conversation transitions to pharmaceutical developments, market reactions to weight-loss pills, and the performance of companies like Viking Therapeutics in the competitive landscape.
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