Insights for Navigating an Uncertain World
“The infusion is meant to steady a bank that has been buffeted over the past several weeks by fears over potential real-estate loan losses, weaknesses in its internal controls and a sharp drop in its stock price.”
(Let’s see if that is a enough to shore up the problems…I doubt it is.)
New York Community Bancorp to Get More Than $1 Billion Investment (msn.com)
Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times. View more posts
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