New York Community Bancorp stock value set to halve as slump extends

Shares of New York Community Bancorp fell 25 percent on Tuesday, extending a sell-off since the lender reported a surprise quarterly loss last week, and putting the stock on track to shed more than half of its value at the current levels. The frenzied selling since Wednesday has also dragged down shares of peers on renewed fears about the health of the industry,
Read The Rest at :