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Steve Mnuchin is betting regulators don't want NYCB to become another SVB

Retrieved on: 2024-03-09 14:16:45

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Steve Mnuchin is betting regulators don't want NYCB to become another SVB. View article details on HISWAI: https://finance.yahoo.com/news/steve-mnuchin-is-betting-regulators-dont-want-nycb-to-become-another-svb-140042464.html

Summary

Steven Mnuchin's group has invested in New York Community Bank (NYCB) to prevent a crisis similar to Silicon Valley Bank's collapse, with supportive nods from U.S. bank regulation entities like the FDIC, amidst concerns over real estate loan losses.

Article found on: finance.yahoo.com

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