Could New York Community Bancorp Become the Next Bank of America?
The Bancorp(TBBK) The Motley Fool·2024-08-31 15:12
Stuck in a turnaround, New York Community Bancorp's future could be much brighter... but how long might it take? New York Community Bancorp (NYCB 0.18%) is not the first bank to run into financial trouble, cut its dividend, and accept a bailout. In fact, iconic Bank of America (BAC 1.44%) did each of those things during the Great Recession. But could New York Community Bancorp's future include a turnaround on the scale that Bank of America achieved? What went wrong with Bank of America During the Great Rece ...