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