Flagstar Bank Selling $5 Billion In Warehouse Loans To JPMorgan Chase
The New York Community Bancorp plans to reinvest proceeds from sale into securities holdings
The New York Community Bancorp plans to reinvest proceeds from sale into securities holdings
Results from 2 of the nation's largest banks beat analysts' expectations.
Acquired the bank earlier this month after it was seized by federal regulators.
FDIC estimated that the second-largest bank failure in U.S. history will cost Deposit Insurance Fund $13 billion.
JPMorgan Chase, Wells Fargo results both beat analyst expectations.
JPMorgan Chase, Bank of America each post strong 4Q 2022 results.
While net income also fell from previous quarter, results still beat analysts expectations.
The effort is specifically targeted toward Black and Latinx households.