New York Community Bank recently announced a massive injection of over $1 billion, with a significant contribution coming from former Treasury Secretary Steven Mnuchin’s Liberty Strategic Capital. This move highlights a growing trend of private equity players stepping in to assist struggling American lenders. The injection of fresh funds into NYCB helped alleviate concerns about
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Federal Reserve Chair Jerome Powell recently addressed the looming question of interest rate adjustments, emphasizing that while rate cuts are expected this year, the timing remains uncertain. Powell’s prepared remarks highlighted the Fed’s commitment to carefully assessing incoming data, the evolving economic outlook, and the balance of risks before making any decisions regarding the target
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