BREAKING: New York Community Bank stock, $NYCB, the bank that acquired the collapsed Signature Bank, crashes another 25% today.
— The Kobeissi Letter (@KobeissiLetter) February 6, 2024
The stock is now down a massive 61% in 2024 to its lowest level since June 2000.
Currently, roughly 40% of NYCB's assets are not under FDIC insurance.… pic.twitter.com/HySca0fX3f
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Does anyone know if Credit Unions are any safer? I keep reading about banks failing, but no one has addressed the health of credit unions.