Roslyn Savings Bank name replaced after 149 years with the Flagstar Bank brand newsday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsday.com Daily Mail and Mail on Sunday newspapers.
In a proposed class action filed in Brooklyn federal court, shareholders said the regional bank defrauded them by failing to disclose it would set aside more money for credit losses, and cut its dividend 71% to shore up its balance sheet.
New York Community Bancorp sued by shareholders inquirer.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.net Daily Mail and Mail on Sunday newspapers.
NEW YORK (Reuters) -New York Community Bancorp was sued on Tuesday by shareholders after the embattled lender posted unexpected commercial real estate loan losses and slashed its dividend, causing its stock price to sink to a nearly 27-year low. In a proposed class action filed in Brooklyn federal court, shareholders said the regional bank defrauded them by failing to disclose it would set aside more money for credit losses, and cut its dividend 71% to shore up its balance sheet. Led by Tennessee resident Walter Lemm, shareholders accused the bank of having inflated its stock price since last March by offering an "unrealistically positive assessment of the Company and its financial well-being and prospects."
Fight Library Cuts To The Editor: Last week, I testified before the City Council to make clear what New York City stands to lose if a proposed $36.2 million cut to public libraries goes through next month. This cut means we would be forced to make very painful choices, like eliminating weekend service at many