Investing.com – Shares of New York Community Bancorp fell more than 40% on Wednesday, and shares of the struggling bank were halted on reports that it was tapping interest among outside investors in injecting cash to shore up its financial position amid concerns about bad real estate loans.
New York Community Bank Inc (NYSE:) shares were last down 42% and stalled on news.
The bank has reportedly hired bankers to gauge investor interest in buying the company’s shares, Reuters and the Wall Street Journal reported on Wednesday. NYCB did not immediately respond to CNBC’s request for comment.