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NYCB Spotlights US Regional Banks' Vulnerability
11 mins·07:30, 9 Feb 2024
NYCB Spotlights US Regional Banks' Vulnerability
11 mins
·
07:30, 9 Feb 2024
·
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Guest: Herman Chan (Senior Analyst), Bloomberg Intelligence
Last week, New York Community Bank (NYCB) revealed losses of USD$252 million in the fourth quarter due to exposure to the commercial real estate market. Could there be a contagion effect to other regional banks, reminiscent of the 2023 collapse of Silicon Valley Bank and Signature Bank? We discuss the implications with Herman Chan with Bloomberg Intelligence.
Image credit: Shutterstock.com
Presenter: Shazana Mokhtar, Wong Shou Ning, Philip See
Producer: Moh Heng Ying
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