New York Community Bancorp (NYCB) is hoping its stellar reputation buys it some grace as it gets closer to entering the realm of the country's largest banks.
The Westbury company, with $47.6 billion in assets, is nearing the $50 billion threshold where regulators will consider it a systemically important financial institution. With that designation comes a slew of added oversight and rules as to how the company operates and how management manages its capital.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access