Has The Banking Crisis Of 2024 Already Started?

 theeconomiccollapseblog.com

We were warned that more banks would soon be getting into deep trouble.  In fact, just yesterday I told my readers to circle March 11th because that is when a very important Federal Reserve program that has been propping up our banks will be allowed to expire. 

 Unfortunately, we didn’t even have to wait for March 11th for the action to begin.  On Wednesday morning, shares of New York Community Bank were absolutely crashing.  Zero Hedge reported on the drama as it was unfolding…

Once the darling of the small banking crisis comeback, New York Community Bancorp has crashed 45% to fresh 30 year lows after The Wall Street Journal reports the bank is seeking to raise equity capital in a bid to shore up confidence in the troubled regional lender.

According to people familiar with the matter, NYCB has dispatched bankers to gauge investors’ interest in buying stock in the company.

There’s no guarantee there will be a deal, or that one would succeed in addressing the bank’s challenges, which as of Wednesday morning had led to a roughly 80% decline in its stock price since January.  CONTINUE