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© Reuters.
Investing.com — New York Neighborhood Bancorp fell greater than 40% on Wednesday and shares have been halting because the struggling financial institution is reportedly sounding out curiosity amongst exterior traders for a money injection to strengthen its funds amid fears about publicity to unhealthy real-estate loans.
New York Neighborhood Bancorp Inc (NYSE:) inventory was final down 42% and halted for information pending.
The financial institution reportedly employed bankers to gauge investor curiosity in shopping for inventory of the corporate, Reuters and the Wall Avenue Journal reported Wednesday. NYCB didn’t instantly reply to a request for remark from CNBC.
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