May 18, 2024
Loans

Analysis-NYCB faces tough choices on CRE loans, balance sheet diversification

By Niket Nishant and Manya Saini (Reuters) – New York Community Bancorp will have to lure buyers for its commercial real estate (CRE) loans with steep discounts and diversify its revenue as it races to shore up its finances. The bank’s new management has promised to unveil a turnaround plan this month after losses on

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Investment

Is Phillips 66 (NYSE:PSX) A Risky Investment?

David Iben put it well when he said, ‘Volatility is not a risk we care about. What we care about is avoiding the permanent loss of capital.’ It’s only natural to consider a company’s balance sheet when you examine how risky it is, since debt is often involved when a business collapses. Importantly, Phillips 66

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