New York Community Bank woes reignite regional lender jitters

NEW YORK: The US regional bank NYCB, which took over Signature Bank last year, saw its share price plummet in early trading on Wednesday, only to rebound strongly after posting disappointing earnings results.

In an erratic day of trading on Wall Street, New York Community Bank’s shares plummeted by as much as 15 percent in early trading before reversing course and moving firmly into the green, finishing the day up 6.7 percent.