New York Community Bancorp Names New Risk and Audit Executives

The moves come after the troubled regional bank on Thursday said it discovered material weaknesses in its loan controls. 


 
Once a Hot Stock-Market Trend Has a Name, Its Best Days Are Likely Past

Still, new research finds that for named trends such as FAANG and the Magnificent Seven, market-beating returns can last for about a year. 


 
A Warren Buffett Protégée Is on the Hunt for Small Companies. She Now Has Millions More to Spend

Tracy Britt Cool and her partners are on the hunt for midsize businesses with a competitive edge and have raised $220 million. 


 
Regional bank stocks dragged down by NYCB

Regional bank stocks were lower across the board early Friday, dragged down by the latest bad news from New York Community Bancorp Inc. that included the disclosure of "material weaknesses" in its accounting. 


 
Swiss National Bank Chairman Thomas Jordan to Step Down in September

Central bank has faced a turbulent few years including above-target inflation and the fallout from the collapse of Credit Suisse. 


 
Your Stock-Market FOMO Is Rational

Despite high valuations and AI exuberance fears, history suggests that being uninvested when rates start falling would be a bad idea. 


 
India's Paytm Owner to Discontinue Agreements With Affiliate Bank

The owner of Paytm, India's largest mobile-payment company, said the move would reduce dependencies and allow Paytm Payments Bank's governance to be independent of its shareholders. 


 
Junior VC Compensation Is Stagnating. Job Cuts May Come Next.

Pressure on venture professionals in junior roles is mounting amid a slow fundraising market. 


 
Financial Services Roundup: Market Talk

AMP, Perpetual and more in the latest Market Talks covering Financial Services. 


 
WeWork Junior Creditors Committee Wants To Sue SoftBank

The committee says SoftBank and other creditors orchestrated WeWork's debt restructuring knowing its bankruptcy filing was imminent.


(END) Dow Jones Newswires

03-01-24 1115ET