No Change in Fed s Outlook From January PCE Data; Swiss National Bank Chairman to Step Down By James Christie Good day. The Federal Reserve s favored inflation gauge showed price pressures rose. -March 01, 2024 at 07:16 am EST
- MarketScreener
U S Stocks May Lack Direction Following Yesterday s Record Closing Highs finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
(Reuters) -New York Community Bancorp shares plunged 21% before the bell on Friday after it found "material weaknesses" in internal controls related to its loan review, rattling investors already fretting over its commercial real estate(CRE) exposure. The weaknesses were related to "ineffective oversight, risk assessment and monitoring activities", the bank said, adding it will detail the remediation plan when it files its annual report with the U.S. Securities and Exchange Commission in 15 days. NYCB has been under pressure since it posted a surprise fourth-quarter loss on Jan. 31 due to higher provisions tied to CRE loans and cut its dividend to deal with tough regulation.
Swiss National Bank Chairman Thomas Jordan to Step Down in September Central bank has faced a turbulent few years including above-target inflation and the fallout from the collapse of Credit. -March 01, 2024 at 07:16 am EST
- MarketScreener