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New York Community: Growing pains, strategy miss, or both?

American Banker

A day after the regional bank's stock tumbled on tough fourth-quarter results and some austerity moves, observers debated whether management just needs time to build enough capital to catch up with growth or if it is still too overexposed in multifamily lending.

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Mastercard Commits $500M To Boost Black Communities, Businesses

PYMNTS

Mastercard said it will invest $500 million in Black communities across the U.S. The new initiative will include “concentrated investments that will focus on providing Black-owned businesses and Black people access to affordable financial tools and capital,” Mastercard said in a news release. This is a time for action.

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Carver in New York rejects unsolicited takeover offer

American Banker

per-share bid from Dream Chasers Capital. The embattled bank said it reviewed and then turned down a $3.25-per-share Carver called the offer "unrealistically low" given the bank's "intrinsic value."

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New York Seed Investors Stayed Strong in 2016 As Others Stepped Back

Bank Innovation

Top seed investors in the New York startup community showed their muscle in the final quarter of 2016 and are likely to continue doing so in the coming year, says a new report from Primary Venture Partners. Among the winners in an otherwise difficult year for startups were fintech companies like Read More.

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Tech Center: New York City Takes on Tech Full Force

PYMNTS

For years, New York City has been at the epicenter of United States’ culture with the fashion and entertainment industries leading the way. With the top modeling agencies, MTV and the home of American broadway plays, there’s no denying New York City is bustling with creativity. trillion (2012). percent (2015).

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Dime Community advances its commercial banking makeover

American Banker

The New York-based company announced the launch of a health care lending unit after capitalizing on recent bank failures to add seven deposit-focused banking groups this spring and summer.

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NYCB's new CEO fills out his team amid strategy revamp

American Banker

New York Community Bancorp CEO Joseph Otting has added three former colleagues to the embattled company's leadership team. The hires come six weeks after the Long Island bank got a $1 billion capital infusion, which led to Otting's appointment as CEO.