Embattled Lender NYCB Secures $1 Billion Investment from Mnuchin’s Firm

New York Community Bancorp (NYCB) announced on Wednesday that it has successfully raised $1 billion from investors, including former U.S. Treasury Secretary Steven Mnuchin’s Liberty Strategic Capital. The investment comes at a critical time for the lender, which has faced significant challenges in recent months. In addition to Liberty Strategic Capital, other prominent investment firms …

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