The report states that an 'act of Congress' would be required to raise the SIFI threshold, which would benefit NYCB.
The report states that an 'act of Congress' would be required to raise the SIFI threshold, which would benefit NYCB.
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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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