New York Community
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22 марта, 17:33

New York Community Bancorp started at sell with $12 stock price target at UBS

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20 марта, 21:05

Nixon kicks off campaign with blistering attack on Cuomo's record

Cynthia Nixon's first official day on the campaign trail got a little boost from the failing subway system that she has already made a central issue in her underdog fight to oust Gov. Andrew Cuomo.At about 10:45 a.m. Tuesday — 15 minutes before she was scheduled to make her official campaign announcement one stop and a short walk away — Nixon stood on the subway platform at Utica Avenue, looking around with resignation. She was having an experience common among New Yorkers these days: The 3 train that would take her to her final stop at Sutter Avenue was not running. In fact, two consecutive 3 trains had been pulled out of service, because of a sick passenger.One woman got off a train coming from the other direction, talked a moment with Nixon, and told her, “I’m voting for you, definitely.”Aside from picking up a vote, the delay also provided a convenient opening for Nixon in the attack she had in store moments later inside the Bethesda Healing Center, a small Pentecostal church in Brownsville where Nixon chose to officially kick off her campaign. “I got here just in the nick of time. I allowed an hour and a half for what should have been a 30 minute ride — Cuomo’s MTA," she told a crowd of about 50 people. "Three trains pulled out of service. We had to get off three trains. I’m glad I’m here. I’m glad you’re all here."Her dig at Cuomo’s handling of the subway system was just the beginning.On her first full day as a candidate, Nixon launched into a blistering attack on Cuomo’s tenure as New York’s governor, calling him a fake Democrat who’d failed to live up to the promises he campaigned on when he first ran for office, and offering herself up as the alternative to his particular brand. In a brief speech, delivered from behind a podium with a paper “Cynthia for NY” flyer tacked up to it, Nixon told the room that she’d voted for Cuomo eight years ago “because I believed that he was a real Democrat.” She attacked his tacit approval for the IDC, a group of renegade Democrats who’ve conferenced with Senate Republicans for years. And she took aim at an obscure deal that has long haunted the Senate Democrats in Albany — Cuomo’s rumored bargain with Senate Republicans in 2010 to allow them to draw their own district maps, all but ensuring they’d stay in power in the state Senate for the next decade, despite an overwhelming Democratic enrollment advantage across the state.That maneuver, Nixon said, suppressed “Democratic voters, most especially Democratic voters of color." “And with these two moves, Andrew Cuomo gave the Republican party in New York state the power to block almost all of our big Democratic legislative priorities,” she said. She questioned Cuomo's record as a centrist Democrat, who governed for much of his first term from the moderate, Clintonian wing of the Democratic party, maintaining close ties with major corporations and avoiding tax hikes. She called his budgets “inhumane” and argued he’d ignored the state’s infrastructure and mass transit needs. She attacked him over his ethics, particularly the recent conviction of his former top aide Joe Percoco on federal corruption charges, calling Albany “a cesspool.”“New York’s eight years under the Cuomo administration have been an exercise in living with disappointment, dysfunction and dishonesty,” she said. “Andrew Cuomo promised to clean up Albany but instead he and his cronies have cleaned up for themselves. There is a reason that people close to Andrew Cuomo keep winding up under indictment for corruption. His right hand man Joe Percoco was just convicted of selling his office to the highest bidder." Under Cuomo, she said the state had become even more unequal, with the gap between the incomes of the wealthy and the poor widening. “Let me tell you about this kind of crushing inequality. This is not something that just happens by mistake. It comes from a choice. It comes from a choice to slash taxes for corporations and the super rich and slash services on everybody else," she said. "And It’s a choice we’re used to being made by Republicans like Donald Trump. But for the past eight years it’s a choice that has been made by our governor Andrew Cuomo.”“Since taking office Andrew Cuomo has given massive tax breaks to corporations and the super rich while he has decimated our infrastructure and starved our state, its cities and its rural areas of their most basic services,” she said. Nixon pledged to fund her campaign without taking corporate donations, drawing a stark contrast with Cuomo, who she said had built a “$31 million war chest with the donations of millionaires, billionaires and corporations.”“Do you know how much of that came from small donors? 0.1 percent. If you’re a regular person in New York, the chance that Andrew Cuomo is going to care about your concerns is exactly that — 0.1 percent,” she said. Cuomo, she argued, has stymied the hopes of progressive Democrats across the state. “We could have fully funded our public schools. We could have enacted campaign finance reform. We could have enacted the Women's Equality Agenda and the New York Dream Act. We could have fixed our subways, strengthened rent control and become a leader in renewable energy,” she said. “I am running for governor because I want these things for New York and New Yorkers. We want our state back. We want it to work again," she said. "We are tired of corruption and dysfunction in Albany. We are tired of fake corporate Democrats who won't lift a finger unless their donors say it's OK.”Nixon was surrounded by a crush of cameras and reporters as she finished her speech, but a 59-year-old certified nursing assistant and New York Communities for Change activist from Ditmas Park named Winsome Pendergrass stopped her first, to talk about rising rents.“We will fight for you girlfriend, we will pull for you girlfriend,” Pendergrass said. “But we’re begging you, don’t screw us over.”Pendergrass later told reporters she thought Nixon’s candidacy was “wonderful” and “a breath of fresh air.”Nixon took a handful of questions as she made her way out of the church. One was how she’d fix the subway system.“We can’t just find the money that’s in the budget as it exists now,” Nixon said. “We need a dedicated stream of revenue to fund the subway.”Asked if she supported congestion pricing or a millionaire’s tax to fund the subway, ideas put forth by Cuomo and de Blasio, respectively, she replied, cryptically, “I think both of those are good ideas.”Her lack of experience in government? Not a problem, she said. “It’s time for an outsider.”The outsider label had already been deployed by the Cuomo team earlier in the day, giving Nixon a taste of the attacks she may face in the coming months.Former New York City Council Speaker Christine Quinn, a surrogate for Cuomo, told the New York Post on Tuesday morning that Nixon's candidacy was "a flight of fancy on her part,” and attacked her as an "unqualified lesbian."“Cynthia Nixon was opposed to having a qualified lesbian become mayor of New York City. Now she wants to be an unqualified lesbian to be the governor of New York. You have to be qualified and have experience. She isn’t qualified to be the governor,” Quinn said. “My being a lesbian or her being a lesbian has nothing to do with why we’re running for office," Nixon responded when asked for comment Tuesday.In the back of the room at the Bethesda Healing Center, 66-year old Norman Frazier, a Brownsville resident, said he’d decided to come to the campaign rollout after hearing about it Tuesday morning from people in the neighborhood. “I heard on the news about her issues — housing, homeless, education. I said 'I got to get out here.'”Asked if he had voted for Cuomo for governor previously, Frazier said, “Yes I did.”“That’s why I’m so disappointed,” he offered. “And I feel like he threw us under the bus with the subway system, the housing system, the homeless system. So I am so disappointed in him.” Frazier, who said he has lived in Brownsville for 50 years, said he thought Cuomo had been scarce in the neighborhood. “I can’t remember, as long as I’ve been in Brownsville, Cuomo coming to Brownsville.”A spokesman for Cuomo's campaign did not immediately respond to a request for comment.

01 марта, 01:25

The Knives Are Out For Kushner: Loans With Deutsche Under Scrutiny By Regulator

The knives are out for Jared Kushner. After losing his top secret security clearance and reportedly falling under intense scrutiny by Robert Mueller's probe, the New York Department of Financial Services has asked Deutsche Bank two local lenders for information about their dealings with Jared Kushner, the Kushner companies and his family, according to Bloomberg.  Letters were sent by department superintendent Maria Vullo to Deutsche Bank, Signature Bank and New York Community Bank last week, said a person who had seen the letter which seeks a response by March 5. Vullo was appointed by New York's Democratic governor, Andrew Cuomo. The requested information is broad, and include the banks' processes for approving loans. Vullo requested copies of emails and other communications between the Kushners and the banks related to financing requests that have been denied or are pending. She also asked whether the banks have conducted any internal reviews of the Kushners and their companies and the results of any such inquiries revealed. The most detailed information about the Kushners’ finances can be found in their government disclosures. The couple had unsecured lines of credit of $5 million to $25 million each from Deutsche Bank, Signature Bank and New York Community Bank according to a late December filing.  Deutsche Bank’s line of credit was extended to Kushner and his mother; lines from the other two banks were extended to Kushner and his father. Signature Bank also extended a secured line of credit to the couple of $1 million to $5 million, according to the disclosure. -Bloomberg A spokeswoman for the Kushner Cos, Christine Taylor, said “We have not received a copy of any letter from the New York State Department of Financial Services," adding "Our company is a multi-billion enterprise that is extremely financially strong. Prior to our CEO voluntarily resigning to serve our country, we never had any type of inquiries. These type of inquiries appear to be harassment solely for political reasons.” Kushner's family business, the Kushner Companies, has had longstanding financial troubles related to 666 Fifth Avenue, "the most expensive building ever purchased", in New York City. After Kushner bought the Fifth Avenue property in late 2006 for $1.8 billion - with zero skin in the game coming from Kushner, the building came under intense pressure during the financial crisis. Vornado Realty Trust stepped in with financing in exchange for a 49.5% stake in the building, which is now carrying over $1.4 billion in debt according to a March release by Vornado.  The Kushner companies are also reportedly negotiating with Vornado to buy their stake back.  While Jared has separated himself from his family's business and placed assets in a trust, he has fallen into the crosshairs of Special Counsel Robert Mueller. Of interest are discussions between Kushner and Chinese investors during the transition, according to sources familiar with the investigation. Kushner met with executives of troubled Chinese conglomerate Anbang Insurance which was recently taken over by China's insurance regulator. Talks between Kushner and Anbang's chairman, Wu Xiaohui, broke down in March 2017, according to the New York Times.  Also of interest to Mueller are Kushner's dealings with a Qatari investor over the 666 property, for which Kusher reportedly sought financing from former Prime Minister Jassim Al Thani, according to The Intercept. The discussion apparently went nowhere, similar to the Anbang deal. Kushner in the crosshairs Dovetailing off of the reports of Kushner's meetings to shore up his finances, the Washington Post reported this week that officials from at least four countries - China, Israel, Mexico and the United Arab Emirates have explored ways to manipulate Kushner by taking advantage of his "complex business arrangements, financial difficulties and lack of foreign policy experience." The story cited current and former US intelligence officials - and noted that it is unclear on whether the cited countries took any action.  Meanwhile, the presidential son-in-law's security clearance was downgraded from "Top Secret/SCI-level" to "secret" this week, walling him off from the most sensitive information.  Many had expected that Trump would grant Kushner a waiver, even though Trump himself said Friday that he would let Chief of Staff John Kelly decide if such an exception should be granted. In a statement issued last week, Kelly said that any changes to Kushner's security clearance wouldn't impact his ability to do his job: "As I told Jared days ago, I have full confidence in his ability to continue performing his duties in his foreign policy portfolio including overseeing our Israeli-Palestinian peace effort and serving as an integral part of our relationship with Mexico," Kelly said in the statement. At the end of the day, unless Kushner or his company broke the law, it appears that this entire exercise is meant to embarrass the president's son-in-law over his troubled 666 property. 

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28 февраля, 22:10

Bloomberg: финансовый регулятор США запросил у банков сведения о кредитах Кушнера

Регулятор запросил сведения о займах советника президента США у Deutsche Bank, Signature Bank и New York Community Bank

14 февраля, 14:20

Playbook: Senate leadership fund goes up against Manchin

Plus the battle for Congress rages on.

14 февраля, 01:49

Jared Kushner credit line debts increased in 2017

Recent revisions to the financial disclosure form filed by Kushner’s wife, Ivanka Trump, bumped up each of those debts to a range of $5 million to $25 million.

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31 января, 18:42

NYCB Q4 Earnings Could Spell Good News For Commercial Real Estate Finance In New York City

New York Community Bancorp reported a 24% increase Wednesday in its net income for Q4 2017, indicating that NYCB is continuing the growth that began in Q3 and that we could see a jump in multifamily financing in New York City in 2018.

30 января, 16:56

Why New York Community Bancorp (NYCB) Might Surprise This Earnings Season

Given that New York Community Bancorp (NYCB) has a Zacks Rank #2 (Buy) and an ESP in positive territory, investors might want to consider this stock ahead of earnings.

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29 декабря 2017, 16:09

NYCB Q4 Results to Record $25 Million After-Tax Benefit

New York Community Bancorp (NYCB) expected to record an after-tax benefit of nearly $25 million during fourth-quarter 2017.

21 декабря 2017, 15:57

New York Community Bancorp started at sector perform with $13 stock price target at RBC Capital

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14 ноября 2017, 16:51

New York Community Bancorp (NYCB) Catches Eye: Stock Jumps 5.5%

New York Community Bancorp (NYCB) shares rose more than 5% in the last trading session, amid huge volumes.

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26 октября 2017, 13:59

New York Community (NYCB) Beats on Q3 Earnings, Stock Falls

New York Community Bancorp's (NYCB) Q3 results reflect higher revenues. However, persistent pressure on margins along with lower net interest income were headwinds.

04 октября 2017, 01:39

Housing Market: Which Stocks to Buy (and Avoid) Right Now

The housing stocks are hot, but are there more dangers to the sector than meets the eye?

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28 июля 2017, 13:28

Trump asks Congress to help in fight against gangs, illegal immigration

BRENTWOOD, New York (Reuters) - U.S. President Donald Trump on Friday painted a vivid and brutal portrait of American communities he said had been ravaged by gang violence as he pressed Congress to help him stop illegal immigration and boost deportations.

30 июня 2017, 18:02

Charitable Giving Is Only a Small Part of What Foundations Do With Their Money

Most of their capital doesn’t wind up in grants, but in investments. Is the latter the key to maximum impact?

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28 апреля 2017, 16:41

New Strong Sell Stocks for April 28th

Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:

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20 апреля 2017, 15:08

Why New York Community Bank Put Less Money Into Multifamily Lending Last Year

Overall commercial real estate lending fell 17% year over year in New York City, and multifamily lending fell 23% in that time. But that doesn't explain the whole picture.