NYCB management discussed the bank's unlikeliness to cross the $50bn SIFI threshold without legislative change, the benefits of regulatory relief for the Astoria acquisition, the positive impact of rising rates on refinance activity, and the bank's ability to withstand a market downturn.
This document, a Bank of America Merrill Lynch research note from November 17, 2016, analyzes New York Community Bancorp (NYCB). It highlights NYCB's strategy to remain below the $50bn SIFI asset threshold pending legislative action, and outlines key investor risks including the pending Astoria acquisition and a potential softening in the NYC multifamily market. The report also notes management's confidence in NYCB's ability to navigate market downturns and benefit from rising interest rates.
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