Banks exposed to New York City lending were rare decliners in Thursday trading, extending Wednesday’s losses as analysts dug into worries that Democrats eyeing rent control laws set to.
Data by YCharts About those rent control laws. The stock market has become convinced that New York Community Bank will suffer from possible changes in rent control regulations. Indeed, there are.
Officer and Director Profiles.. Mr. Quinn is a graduate of Northwestern University and of Hofstra University’s School of Law. He serves as a trustee of the New York Community Bank Foundation.. John M. Tsimbinos has been a Director of New york community bancorp, Inc. and New York.
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The package of bills would limit landlords’ ability to raise rents or remove units from regulation. Shares of banks that lend to landlords declined in New York trading. Signature Bank fell as much as 4.7%, while New York Community Bank dropped about 5.25%.
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While the bank expanded here and there over the course of the next 14 decades, its greatest growth occurred in just the last 15 years. In anticipation of expanding its franchise through the first of several mergers, the Bank changed its name to New York Community Bank on November 21, 2000.
Get breaking news and analysis on New York Community Bancorp, Inc. (NYCB) stock, price quote and chart, trading and investing tools.. New York Community Bank: About Those Rent Control Laws.
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· Shares of banks that lend to landlords declined in New York trading. Signature Bank fell as much as 4.7%, while New York Community Bank dropped about 5.25%.. you let the rent control laws.
We decline to speculate on what those changes will be," said Kenneth Fisher, an attorney. Shares of New York Community Bank, a lender to owners of rent-regulated buildings — including Wiener, who had more than $730 million in loans at the end of March — are down 18% since March 6.
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· New York’s new rent control law could cause rent-stabilized apartment buildings to drop 20% to 45% in value, brokers and investors said in a wall street journal story on.