NEW: πŸ‡ΊπŸ‡ΈUS regional bank NYCB cuts dividend by 70% after stock is down 60% in 2 weeks on fears of commercial real estate meltdown.

NYCB took over Signature Bank last March during the banking crisis. πŸ‘€

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That's one toxic balance sheet! Now imagine what is happening inside UBS after they assumed the balance sheet of Credit Suisse...