Challenges and Risks in NYCB's Funding and Commercial Real Estate

This chapter explores the recent Moody's downgrade of NYCB and the bank's struggle to raise funds, as well as the potential systemic risk in commercial real estate and its impact on the banking system. It also discusses NYCB's rapid expansion and the need to strengthen their balance sheet, along with the cautious approach of the Fed towards interest rates and mounting stress in the credit markets.