New York Community Bancorp (NYCB) may see its credit rating cut to junk by Moody's amid a $560 billion real estate warning, as the lender stockpiles money to cover troubled loans and faces increased operational costs. The bank's challenges are part of a larger crisis in the commercial real estate market, highlighted by Aozora Bank's 20% share drop and forecast of its first annual net loss since 2009 due to similar exposure. The U.S. regional bank sector, including the SPDR S&P Regional Banking ETF (KRE), has suffered significant declines, with the ETF down 10% in recent sessions. Traders are actively shorting regional banks, leading to substantial paper profits for short sellers targeting NYCB and regional bank stocks, with gains of $105 million and $685 million respectively. Despite the turmoil, some see NYCB's issues as an anomaly and not indicative of a wider problem in the banking sector.
NY Community Bancorp Has Some Defenders on Wall Street https://t.co/PnzQghXdWh
Commercial real-estate risk for banks points to opportunities for other investors https://t.co/tymAJs2171
The volatility that buffeted shares of regional banks this week minted big paper profits for short-sellers, reminiscent of their gains during last year’s tumult in the sector https://t.co/jMsEa91gqY
N.Y. Community Bancorp’s sole traded bond fell off cliff — with knock-on effect https://t.co/fpe7PZtqOM
The cracks in the commercial real estate market are widening from offices to apartment complexes https://t.co/FPMatfkDlJ
New York Community Bancorp’s sole traded bond fell off a cliff this week, dragging others down with it https://t.co/8ZL9Leg6Mo
Commercial Real Estate’s Slow-Motion Crisis Explained https://t.co/PPZkXe9fJb https://t.co/ORvXEth7rm
NY Community Bancorp plunge: What it means for regional banking sector a... https://t.co/4dPVb688Ju via @YouTube
Bracing for the commercial real estate 'reckoning' https://t.co/05cajWYA4C https://t.co/FrbCDqZsma
Commercial real estate crisis in the US is back. It never really went away. 🇺🇸🏢📉 https://t.co/vD2F0KwsTV
Regional banks realizing they aren’t getting a rate cut and BTFP is about to end https://t.co/0JfGWSQ0yD
‘The small, regional bank business model is unalterably broken,’ says Oppenheimer analyst after New York Community Bancorp stock swoon https://t.co/zIKsJXEbIb
And now back to your regularly scheduled regional bank collapse
.@pboockvar reports: Aozora Bank announced a surprising loss Thursday because of their exposure to US real estate. "Due to higher US interest rates and a shift to remote work accelerated by Covid-19, the US office market continues to face adverse conditions combined with…
A slow-motion crisis in commercial real estate is spilling over to the banks that lent heavily to the industry during the good times. Here's how it went wrong https://t.co/gyn4GfPOfk
Looking at Aozora's Office US CRE portfolio, is there anything else to say but: LOL ? (stock -34% over last two days) https://t.co/EJ7WdmCks3
Regional Bank Stocks Stabilize After Two-Day Selloff. NY Community Bancorp Is Up. https://t.co/59J11OkewY
IRONY! #DeutscheBank, which has just quadrupled its US real estate loss provisions, cuts its recommendation on New York Community Bancorp to hold with a price target of USD 7. 🙃 https://t.co/uSyPR9I208
The ghosts of last year's regional bank collapse still haunt the banking sector https://t.co/lui66RnAZC by @DsHollers
Banking sector faces renewed concerns over US commercial property market amid rising losses https://t.co/qG7d5l7Gxg https://t.co/FaARZkrFq7
US regional bank sell-off a cautionary sign of more pain to come https://t.co/tZzsOb0Dbo https://t.co/5lk7ooEREq
Investors lulled into thinking US regional banks were out of the woods after ruptures last year have been given a jolt by New York Community Bank https://t.co/IYqr22cmCT
Investors lulled into thinking US regional banks were out of the woods after ruptures last year have been given a jolt by New York Community Bank. More here: https://t.co/yAPl6lL7gX
Regional banks imploding on worries about their commercial real estate loan portfolios. Makes sense, until you see commercial REITs trading at 100x+ (declining) earnings.. @WallStCynic @assouline99 @HedgeyeREITs https://t.co/YWq5nW9lqm
Regional banks are on pace for their largest weekly decline since the 2023 SVB crisis 👀 https://t.co/5ufUwN8nG0
Any notable regional banks reporting in the next week ? $KRE
Aozora bank is now down over 30% after making bad loans to US commercial properties. Was almost limit down yesterday... https://t.co/IcgTOTcql5
*AOZORA FALLS 18%; SEES FY LOSS AMID US REAL ESTATE WOES
Japan's Aozora Bank is set to plunge for a second day after the stock tumbled 21% Thursday on losses tied to US commercial property https://t.co/ZisAKIajgH
Commercial Property Losses Hammer Banks on Three Continents https://t.co/hTAXFFdqZ9
“All-Out Blood Bath”: $NYCB Crushed, Regional Banks Whacked $KRE https://t.co/FDnIKJI1c2 via @hedgeye
Traders play defense in regional bank ETF's options as shares sink https://t.co/qBIcCNrTsM https://t.co/vvW3CVqkDx
Maybe the Fed *is* going to cut in March, but not for the reason we all thought 2 days ago. Regional banks follow through today on yesterday's $NYCB melt-down. https://t.co/3ToehytRCV
Does New York Community Bancorp have another surprise in store for investors? https://t.co/x8GKgMuvRz
⚠️ TRADERS PLAY DEFENSE IN REGIONAL BANK ETF'S OPTIONS AS SHARES SINK (Reuters) Options volume on SPDR S&P Regional Banking ETF surged for a second straight session on Thursday, spurred by bearish trading, as a sell-off in shares of U.S. regional banks continued after trouble… https://t.co/VsI3NrMBIL
Regional Bank failures back on the menu https://t.co/jkPAlH7ks1
New York Community Bank has company in the sewer today: Western Alliance Bancorp, Zions Bancorp and Webster Financial are also tumbling along with Citizens Financial, Regions Financial, SouthState, Prosperity Bancshares, Schwab, PacWest and Huntington Bancshares...The market has… https://t.co/5Mb2oBqEYa
NYCB shows why US regional banks are not trouble-free yet https://t.co/ByCf0bIac3 | opinion
US Banking Sector Volatility — Distressed Commercial Real Estate Sector Raises Default Concerns #Economics https://t.co/Ic6TkdvKEm
Powell made it clear he is not looking to cut in March.. nobody asks him anything about regional banks... Next day market starts destroying regional banks to force Powell to cut in march. If powell cuts cuz he cares about the Fed put all of a sudden ... Pleb behaviour
〽️ REGIONAL BANK SHORT SELLERS IN CLOVER **SHORT SELLERS TARGETING REGIONAL BANK STOCKS INCLUDED IN SPDR S&P REGIONAL BANKING ETF $KRE UP $685 MLN **SHORT SELLERS TARGETING NEW YORK COMMUNITY BANCORP, ON PAPER, UP $105 MLN, FOLLOWING WEDNESDAY'S SHARE PRICE DROP https://t.co/Aspk74A0GU
What is going on with the U.S. regional banks? Great explanation from Bloomberg‘s @TheChartress https://t.co/Yla1cmhhmh https://t.co/3jl4I3vqWT
The problems that led to the collapse of several US regional lenders last year are largely in the past, with the issues disclosed this week at New York Community Bancorp something of an anomaly, according to Citizens Chief Executive Officer Bruce Van Saun. https://t.co/KeroMzDhbV
❖ SHORT SELLERS TARGETING NEW YORK COMMUNITY BANCORP, ON PAPER, UP $105 MLN, FOLLOWING WEDNESDAY'S SHARE PRICE DROP -ORTEX ❖ SHORT SELLERS TARGETING REGIONAL BANK STOCKS INCLUDED IN SPDR S&P REGIONAL BANKING ETF UP $685 MLN -ORTEX
The Commercial Real Estate Bubble is bursting. Banks are are in trouble. Bailouts coming? Following a profit warning from New York Community Bancorp on Wednesday, largely attributed to unfolding disaster in the commercial real estate sector, its shares plunged 38% triggering… https://t.co/Rm5RZDiyAk
NY Community Bancorp delivered a reminder Wednesday that some lenders in the commercial real estate market are only just beginning to see the pain https://t.co/JJqo8pf1Hh via @wealth
Regional Bank Stocks Are Crashing Again... https://t.co/RQLMeJhHev
Regional bank pain. $KRE @JohnSpall247 https://t.co/at9tuRxeyN
$NYCB down another 13% today on fears of their exposure to souring #commercialrealestate loans, but it's unclear how far and wide this might go $KRE https://t.co/v6RAAXwjTR
Bank Losses Revive Fears Over US Commercial Property Market - FT https://t.co/t2vPHYs7Jx
Regional bank pressure again today $KRE and no BTFP program in March
It's not looking too hot for New York Community Bank $NYCB. Let's see if the issue will be contained or that we'll see contagion to other regional banks just like March 2023. The Fed rapidly expanded their balance sheets afterwards to save the banks with the BTFP. https://t.co/ykKJeNIB33
Regional banks calling his bluff… $KRE https://t.co/V5vsX8jnmK
Puts in all the regional banks today as issues resurface
regional banks, here we go again https://t.co/QYA5AOuzv2
$KRE Regional Bank ETF getting nuked. https://t.co/Be2fQxvbTz
$KRE back to back big down days. $NYCB next First Republic?
Regional Banks ETF $KRE is now down 10% in the last two sessions. Something to monitor.
Bank of America says New York Community Bancorp plunge is 'not an indicator of a wider problem' https://t.co/AW4LGhllK9
The Daily Dirt: A rocky road for New York Community Bank https://t.co/eWMNjNKxxO
New York Community Bancorp’s stock rebounds on bullish outlook for net interest income https://t.co/kFpiiQzvN1
The problems that led to the collapse of several US regional lenders last year are largely in the past, with the issues disclosed this week at New York Community Bancorp something of an anomaly, says Citizens’ CEO https://t.co/sSCdAoS2dW
Office buildings have led the slump in US commercial real estate https://t.co/tu3FlYgTBn
US office building losses hit Japanese lender Aozora https://t.co/7IYqbKc7ne via @ft
Deutsche Bank sets aside more money to cover potential losses in US commercial real estate, as it warned that refinancing poses the greatest risk to the struggling sector https://t.co/XmfEBZpKHW
Japanese bank tanks over 20% after flagging losses tied to U.S. commercial property https://t.co/GAd6p7cP62
Traders shorting Japanese lender Aozora Bank may be poised to profit after the stock plunged 21% Thursday on losses tied to US commercial property https://t.co/uLZQ92hcdA
US regional banking shares under lens after NYCB slide https://t.co/RgMl6mulZO https://t.co/R694GKBSn7
Lenders from America to Japan are feeling the pain of US commercial real estate turmoil https://t.co/Eca6OzuVGg
US regional bank shares were under the lens again after the sector's main benchmark experienced its biggest single day decline since the collapse of Signature Bank in March last year. More here: https://t.co/OTl35swF86
US regional bank shares were under the lens again after the sector's main benchmark experienced its biggest single day decline since the collapse of Signature Bank in March last year https://t.co/9pCJZksZcT
US office building losses hit Japanese lender Aozora https://t.co/ecXCyArEMQ
Japan's Aozora Bank forecasts first annual net loss since 2009 https://t.co/GHiL5FDZl2 https://t.co/NhJdmVcDci
China’s financial system is contained. Japan..,? “Japan’s Aozora Bank became second lender in a span of hours to surprise investors with losses tied to US CRE, sending shares down by the limit & heightening concerns about global banks’ exposure to souring CRE bets..” @business
Aozora, Japanese bank falls 20% on U.S. commercial real estate exposure, after $NYCB reserve increase this morning... $KRE https://t.co/ffNUZxqB1m
NY Community Bancorp Flashes a $560 Billion Real Estate Warning for Banks https://t.co/JlZb5On1hl
Moody's puts New York Community Bancorp on review for potential 'junk' downgrade https://t.co/CVWAhdXVeM https://t.co/rCe35A1Xjo
Moody's puts New York Community Bancorp on review for downgrade https://t.co/NQPbHsFg2w https://t.co/Ii0NHcCAav
NY Community Bancorp may have its credit rating cut to junk by Moody’s as the firm stockpiles money to cover troubled loans and spends more to fund operations https://t.co/JOkI2g6oIt
New York Community Bank's path to $100 bln club and share slide https://t.co/TIy3d98SPc https://t.co/9K1vCXhNcm
NY Community Bancorp delivered a reminder Wednesday that some lenders in the commercial real estate market are only just beginning to see the pain https://t.co/1bd9QocqLF
*NEW YORK COMMUNITY BANCORP MAY BE CUT TO JUNK BY MOODY'S
🔴 MOODY'S CONSIDERS DOWNGRADING NEW YORK COMMUNITY BANCORP TO JUNK