JPMorgan is buying NYCB loans partly to help smaller bank’s turnaround: source

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JPMorgan is buying NYCB loans partly to help smaller bank’s turnaround: source

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New York Community Bancorp’s stock gave back recent gains Wednesday on the heels of a $5 billion loan sale to JPMorgan Chase & Co., which marks a fresh move in the bank’s plan to turn a profit.

Source: https://www.marketwatch.com/story/nycbs ... topstories
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