Bank runs will continue…
NYCB says it lost 7% of deposits in the past month, slashes dividend to 1 cent https://www.cnbc.com/2024/03/07/nycb-lost-7percent-of-deposits-in-past-month-slashes-dividend-to-1-cent.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard
Fuck em.
Why would anyone still leave their money in that bank? 😂
The bank runs will continue until bitcoinization.
"New York Community Bank said Thursday it lost 7% of its deposits in the turbulent month before announcing a $1 billion-plus capital injection from investors led by former Treasury Secretary Steven Mnuchin’s Liberty Strategic Capital."
Yes, I'm sure the injection was from "investors".
