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Reuters

Reuters

NYCB to be renamed Flagstar Financial as turnaround gathers pace

Reuters
Summary
Nutrition label

77% Informative

NYCB will rename itself as Flagstar Financial , the U.S. regional lender said on Tuesday .

The bank came under pressure after it reported in January increased stress in its commercial real estate portfolio.

NYCB announced its $2.6 billion acquisition of Flagstar in 2021 .

VR Score

89

Informative language

97

Neutral language

25

Article tone

formal

Language

English

Language complexity

50

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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