NY Community Bancorp Plunges on Surprise Loss, Dividend Cut

(Bloomberg) -- New York Community Bancorp plunged a record 46% after reporting a surprise loss tied to deteriorating credit quality and a cut to its dividend.Most Read from BloombergMusk’s $55 Billion Pay Package Voided, Threatening World’s Biggest FortuneTrump Risks Losing More Than Half of Swing-State Voters If Found GuiltyByron Allen’s Latest Takeover Attempt: Paramount for $14 BillionBig Tech Gets Crushed, Bonds Gain in Run-Up to Fed: Markets WrapNovo Nordisk Smashes Past $500 Billion Value

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