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Reuters

Reuters

NYCB posts fourth straight quarter of loss on pain from CRE exposure

Reuters
Summary
Nutrition label

79% Informative

Shares in NYCB fell 7% before the bell on Friday .

NYCB 's provisions for credit losses jumped nearly four-fold to $242 million in the third quarter from a year ago .

The lender had earlier this month vowed to significantly cut costs under a broad turnaround plan.

VR Score

90

Informative language

97

Neutral language

58

Article tone

semi-formal

Language

English

Language complexity

44

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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