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After Moody’s cut credit ratings, regional banks are feeling the heat again. However, some smart analysts think there are select bargains in the trash bin.
After depositor runs led to the collapse of Silicon Valley Bank and Signature Bank this spring, investors and onlookers wondered how similarly sized institutions would fare. Would they have to
Flagstar Bank parent New York Community Bancorp reported a steep increase in profit margin and an expansion in private banking, further evidence that this formerly-staid institution used this year’s regional banking crisis to transform itself into perhaps the best growth story in the industry.
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