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Late Friday, Moody's Investors Service cut the deposit rating of NYCB's main banking subsidiary by four notches, to Ba3 from Baa2, putting it three levels below investment grade. The downgrade could trigger contractual obligations from business clients of NYCB who require the bank to maintain an investment grade deposit rating, according to analysts who track the company. But the figures are from the day before Moody's began slashing the bank's ratings, sparking speculation about possible flight of deposits since then. For instance, while Fitch Ratings cut NYCB's credit ratings to junk last week, it kept the bank's long-term uninsured deposits at BBB-, one level above junk. To replace deposits, NYCB could raise brokered deposits, issue new debt or borrow from the Federal Reserve's facilities, but that would all probably come at a higher cost, McGratty said.
Persons: NYCB, Moody's, Keith Horowitz, Horowitz, John Pinto, Chris McGratty, NYCB didn't, McGratty Organizations: New York Community Bank, New, Community Bank, Moody's, Citigroup, Fitch, BBB, Federal, CNBC PRO Locations: New, Yonkers , New York, Baa2, Moody's
Mike Segar | ReutersRegional lender New York Community Bank finds itself in an apparently worsening predicament just as the anniversary of last year's banking turmoil nears. "The disclosures add to our concern about NYCB's interest-only multi-family portfolio, which may require a long workout period unless interest rates decline." Days later, ratings agency Moody's cut the bank's credit ratings two notches to junk on concerns over the bank's risk management capabilities after the departure of NYCB's chief risk officer and chief audit executive. The bank's stock was briefly buoyed by a flurry of insider purchases indicating executives' confidence in the bank. Most of those deposits were insured, and it had ample resources to tap if uninsured deposits left the bank, it said.
Persons: Mike Segar, NYCB, Raymond James, Steve Moss, Moody's, Alessandro DiNello, DiNello, D.A, Davidson, Peter Winter Organizations: New York Community Bank, Reuters Regional, New, Community Bank, Silicon Valley Bank, Signature Bank Locations: Yonkers , New York, U.S, NYCB
NEW YORK (AP) — A 15-year-old accused of shooting a Brazilian tourist in the leg in Times Square Thursday night and then firing at a police officer was charged Saturday as an adult with two counts of attempted murder. The teen also faces assault and weapons possession charges stemming from the shooting that began in a sporting goods store and spilled out onto the streets of Midtown Manhattan. Police took the teen into custody Friday at a residential house that police believe may be linked to a family member in Yonkers. He is also considered a suspect in an armed robbery in the Bronx and a separate shooting in Times Square last month, police said. At a press conference announcing the arrest Friday evening, New York City Police Commissioner Edward Caban said it was an “actual miracle” that no one was seriously injured in the shooting.
Persons: Edward Caban Organizations: New York Daily News, Midtown Manhattan . Police, New York, New York City Police Locations: Manhattan, New York, Venezuela, Midtown Manhattan, Yonkers, Bronx, New, New York City
A 15-year-old boy was arrested on Friday, accused of shooting a Brazilian tourist in Times Square the night before and then firing twice at a police officer while fleeing the scene, officials said. The arrest came about an hour after the police said at a news conference that they were seeking the teenager, Jesus Alejandro Rivas Figueroa, in the shooting of the tourist, a 37-year-old woman who was hit once in the leg. Her injury was not life-threatening, and she had left the hospital as of Friday afternoon, the police said. He was taken into custody in Yonkers, officials said. He is also considered a suspect in an armed robbery in the Bronx and a second shooting in Times Square last month, said John Chell, the Police Department’s chief of patrol.
Persons: Jesus Alejandro Rivas Figueroa, John Chell Organizations: Police Locations: Venezuela, Manhattan, New York, United States, Yonkers, Bronx
CNBC Daily Open: Banking fears stir once again
  + stars: | 2024-02-08 | by ( Sumathi Bala | ) www.cnbc.com   time to read: 1 min
In this article AAPLMCO Follow your favorite stocks CREATE FREE ACCOUNTA sign is pictured above a branch of the New York Community Bank in Yonkers, New York, U.S., January 31, 2024. Mike Segar | ReutersT his report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. You can subscribe here. What you need to know todayThe bottom line
Persons: Mike Segar Organizations: New York Community Bank, Reuters, CNBC Locations: Yonkers , New York, U.S
A sign is pictured above a branch of the New York Community Bank in Yonkers, New York, U.S., January 31, 2024. New York Community Bank' s shares continued their downward spiral Wednesday after Moody's Investors Service cut the firm's credit rating two notches to junk status. NYCB shares fell about 3%, trimming earlier losses of around 10%, in premarket trading. Late Tuesday evening, Moody's issued a report stating that NYCB faced "multi-faceted financial, risk-management and governance challenges." "In Moody's view, control functions with strong knowledge of a bank's risks are key to a bank's credit strength."
Persons: Moody's, NYCB Organizations: New York Community Bank, Moody's Locations: Yonkers , New York, U.S, Baa3
U.S. regional banking shares tumble for second straight day
  + stars: | 2024-02-01 | by ( ) www.cnbc.com   time to read: +2 min
The KBW Regional Banking Index slipped 4.8% after seeing its biggest single-day decline since the collapse of Signature Bank in March last year. NYCB shares lost another 13.4% of their value and were last trading at $5.60. The frenzied selling in banking shares has rekindled fears about regional lenders, even as many analysts and investors said the problems at NYCB were mostly unique. Western Alliance Bancorp's shares fell nearly 11%, while those of Valley National Bancorp dropped 8.8%. Comerica's shares fell 5.8%.
Persons: NYCB, Martin Rauchenwald, Arthur D, Steven Alexopoulos, Alexopoulos, Moody's, Western Alliance Bancorp's Organizations: New York Community Bank, U.S, New York Community Bancorp, Signature Bank, Flagstar Bank, Jefferies, Western Alliance, National Bancorp Locations: Yonkers , New York, U.S, NYCB
See Personal Finance Insider's roundup of the best tax software >>How does New York tax income? Nonresidents and part-year residents may have a New York income tax liability depending on their living situation and how much they earn. New York income tax ratesIf your New York adjusted gross income was less than $107,650, the tables below would be used to calculate your state tax liability for 2022. New York state tax rates FAQsWhat is the New York state income tax rate for 2023? What are the New York state tax brackets for 2023?
Persons: , Zaher Dehni, Eric Bronnenkant, Dehni Organizations: Service, Finance, state's Department of Taxation, New, Department of Taxation, Tax Foundation, New York, Excelsior Jobs, Tax Locations: New York, California, New, York, , New York, New York City, Yonkers, Nonresidents, Chevron
Bryant West was halfway through high school in Pascagoula, Mississippi, when he dropped out in 2020. But in every state reporting high school graduation rates by gender, research shows female students graduate at higher rates. “I was lashing out because I wasn’t OK,” said Nichols, who ended up leaving high school after ninth grade. Still, the urban district posted a 10-point graduation gender gap in 2022 (84%-74%) and an 11-point gap (84%-73%) in 2021. The graduation gender gap “is harder to explain than some of the other disparities we see,” PRB’s Jarosz said.
Persons: , Bryant West, , Beth Jarosz, Jarosz, Richard Reeves, Reeves, Edwin Quezada, Quezada, , Benjamin Nichols ’, Nichols, Barack Obama, Jeffrey Hammond, Hammond, PRB’s Jarosz, it’s Organizations: Brookings Institution, American Institute for Boys, , , American, Associated Press, Carnegie Corporation of New, AP Locations: BUFFALO, N.Y, Pascagoula , Mississippi, Popeye’s, , U.S, Yonkers , New York, Buffalo, Yonkers, Carnegie Corporation of New York
In October, WalletHub released its annual ranking of the safest cities in the United States. Nashua, New Hampshire is the safest city in AmericaNashua ranked as the No. Nashua, New Hampshire ranked as the safesty city in the U.S., according to WalletHub. Columbia, Maryland, is in Howard County, which has seen a decline in violent and property crimes since 2018. Columbia, Maryland ranked as the second safest city in the U.S., according to WalletHub.
Persons: WalletHub, Ariz Organizations: U.S . Census Bureau, of Labor Statistics, FBI, America Nashua, Nashua , New Hampshire, Gilbert, U.S, The, Maryland ., Columbia, Istock, Getty Locations: U.S, United States, Nashua , New Hampshire, America, Hillsborough County , New Hampshire, Nashua, America . Nashua, Massachusetts, Boston, Concord , New Hampshire, Nashua , New, America Nashua, N.H . Columbia, Md, South Burlington , Vt, Warwick, R.I . Portland , Maine Casper, Wyo, Yonkers, N.Y, Burlington , Vt, Scottsdale, Ariz, Columbia , Maryland, The Maryland, Baltimore, Columbia, Maryland, Maryland . Columbia , Maryland, Howard County
CNN —An FBI special weapons and tactics team stormed a Southern California motel Friday morning, rescuing a kidnapped 17-year-old boy who was being held for ransom, a law enforcement source familiar with the operation told CNN. Fidel Jesús Patino Jaimes, Jair Tomás Ramos Domínguez and Ezequiel Felix López were arrested during the operation in Santa Maria and charged with kidnapping, according to a federal criminal complaint. Alleged abduction caught on cameraThe criminal complaint alleges that last Monday, someone in Highland, California, heard a loud bang outside their home and then reviewed their Ring camera footage. According to the criminal complaint, the FBI located the phone at a motel in Santa Maria and conducted surveillance from outside the room where the suspect’s device was located. All three defendants admitted to playing a role in abducting or confining the victim, according to the criminal complaint.
Persons: Fidel Jesús Patino Jaimes, Jair Tomás Ramos Domínguez, Ezequiel Felix López, ’ Jeep, Organizations: CNN, FBI, US, Office, Central, Central District of, Cherokee, Facebook, Angeles Field Office Locations: Southern California, Santa Maria, Central District, Central District of California, Highland , California, Nogales , Mexico, Yonkers , New York
Building begins on facility linking Canada hydropower to NYC
  + stars: | 2023-09-19 | by ( ) www.reuters.com   time to read: +2 min
New York Governor Kathy Hochul speaks during a campaign rally with other New York Democrats, in Yonkers, New York, U.S., November 6, 2022. The 340 mile (547 km) transmission line is a proposed underwater and underground high-voltage direct current power transmission line to deliver the power from Quebec, Canada, to Queens, New York City. The converter station for the line will be the first-ever transformation of a fossil fuel site into a grid-scale zero-emission facility in New York City, its backers say. Once the construction is completed, it will convert 1,250 megawatts of energy from direct current to alternating current power that will be fed directly into the state's power grid. The converter station is a step towards New York’s target for 70% of the state’s electricity to come from renewable sources by 2030.
Persons: Kathy Hochul, Kevin Lamarque, Champlain, ” Hochul, Ashitha, Timothy Gardner Organizations: New, New York Democrats, REUTERS, Tuesday, Champlain Hudson Power Express, Hydro, Workers, Thomson Locations: Yonkers , New York, U.S, New, New York City, Quebec, Canada, Queens , New York City, Montreal, Astoria, Queens, Bengaluru
New York State to Debut First Cybersecurity Strategy
  + stars: | 2023-08-09 | by ( James Rundle | ) www.wsj.com   time to read: +6 min
The state of New York will debut its first cybersecurity strategy, including plans to modernize government networks, provide digital defenses at the county level and regulate critical infrastructure. In addition, the state plans to focus on developing its cybersecurity workforce and educating New York residents and companies about cybersecurity. In March, the White House published the National Cybersecurity Strategy, which touches on several of the themes in New York’s own document. The U.S. Office of the National Cyber Director coordinated with the New York state government during the drafting process, said acting National Cyber Director Kemba Walden. Kemba Walden, acting National Cyber Director Photo: U.S. OFFICE OF THE NATIONAL CYBER DIRECTOR“Certainly we appreciate points of alignment, where appropriate, between state cyber strategies and the National Cybersecurity Strategy.
Persons: Kathy Hochul, Kathryn Garcia, Lev Radin, , Garcia, Colin Ahern, Kemba Walden, ” Walden, ” Garcia, James Rundle Organizations: state’s, of Homeland Security, Emergency Services, New York, cybersecurity, Aging, U.S . Office, National Cyber, New, New York State Department of Financial Services, New York State Intelligence Center, Joint Security Operations Center Locations: New York, Suffolk County, Iowa, Michigan, West Virginia, New York’s Suffolk County, New, New York City, Albany, Telecommuting, Brooklyn, Albany , Rochester, Syracuse, Albany , New York City, Yonkers, james.rundle
New York State Debuts First Cybersecurity Strategy
  + stars: | 2023-08-09 | by ( James Rundle | ) www.wsj.com   time to read: +6 min
The state of New York debuted its first cybersecurity strategy, including plans to modernize government networks, provide digital defenses at the county level and regulate critical infrastructure. In addition, the state plans to focus on developing its cybersecurity workforce and educating New York residents and companies about cybersecurity. In March, the White House published the National Cybersecurity Strategy, which touches on several of the themes in New York’s own document. The U.S. Office of the National Cyber Director coordinated with the New York state government during the drafting process, said acting National Cyber Director Kemba Walden. Photo: U.S. OFFICE OF THE NATIONAL CYBER DIRECTOR“Certainly we appreciate points of alignment, where appropriate, between state cyber strategies and the National Cybersecurity Strategy.
Persons: Kathy Hochul, Kathryn Garcia, Lev Radin, , Garcia, Colin Ahern, Kemba Walden, ” Walden, ” Garcia, James Rundle Organizations: New York, state’s, of Homeland Security, Emergency Services, cybersecurity, Aging, U.S . Office, National Cyber, New, New York State Department of Financial Services, New York State Intelligence Center, Joint Security Operations Center Locations: New, New York, Suffolk County, Iowa, Michigan, West Virginia, New York’s Suffolk County, New York City, Albany, Telecommuting, Brooklyn, Albany , Rochester, Syracuse, Albany , New York City, Yonkers, james.rundle
Rhoda Karpatkin, who pressed for painstaking product testing for safety and quality while promoting comparison shopping for value during more than four decades at Consumers Union as counsel, executive director and president, died on Friday at her home in Manhattan. Ms. Karpatkin, a New York lawyer and civil rights advocate, had served for 16 years as the nonprofit organization’s counsel when she was selected in 1974 as executive director, the first woman to hold that position. Consumers Union, the publisher of Consumer Reports, later changed its name to Consumer Reports. “Rhoda led CR to become the trusted name and consumer champion we are today,” Marta L. Tellado, the president and chief executive of Consumer Reports, said in a statement. Ms. Karpatkin also raised $40 million to build a new headquarters in Yonkers, N.Y., and an automobile testing track.
Persons: Rhoda Karpatkin, Deborah Karpatkin, Karpatkin, “ Rhoda, CR, ” Marta L Organizations: Consumers Union, Consumer Locations: Manhattan, New York, Yonkers, N.Y
They met on Oct. 5, 2009 at Gino’s Pizzeria in Yonkers, N.Y., where both had grown up, when Ms. Amitrano was 16 and Mr. Vazquez was 18. Ms. Amitrano had heard Mr. Vazquez was “quite the ladies’ man,” so she did her best to play it cool, though she found him charming. Both Ms. Amitrano, now 29, and Mr. Vazquez, 31, were seeing other people on and off at the time. They would see one another at parties and, “he tried pursuing me,” Ms. Amitrano said, but they remained friends. “We slowly fell in love over many nights venting and bonding in his car,” Ms. Amitrano said.
Persons: Olivia Grace Amitrano, Nicholas Ryan Vazquez, Amitrano, Vazquez, Ms, , ” Ms Organizations: Volvo Locations: Yonkers, N.Y
U.S. colleges are set to release their essay prompts on Tuesday when the common application used by many schools becomes public for the upcoming admissions cycle. Many high school counselors are uncertain how students should handle questions of race and identity in their essays, Perez said. They also are wary that if they mention race in student recommendations, they will be inviting scrutiny or violating the court's order. "The general feeling with school counselors right now is mostly anxiety," Perez said. Private admissions counselors have already started working with students of color on essays that discuss their cultural heritage.
Persons: upending, John Roberts, Timothy Fields, Kevin McKenna, Amin Abdul, Malik Gonzalez, Angel Perez, Perez, Shereem Herndon, Brown, Fields, Sharon Bernstein, Colleen Jenkins, Cynthia Osterman Organizations: Emory University, Emory, U.S, Supreme, Sarah Lawrence College, Reuters, Wesleyan University, National Association for College, College, Connecticut, Thomson Locations: Atlanta, California, Michigan, Yonkers , New York, Connecticut, New York
Sarah Lawrence College is inviting undergrad applicants to write about how the Supreme Court's decision to overturn affirmative action is impacting their lives. In June, the Supreme Court ruled that it is unconstitutional to consider race in college applications. But Chief Justice John Roberts wrote that students can still, in essays, write about how race has affected their lives. An exterior view of Sarah Lawrence College is seen on February 12, 2020 in Bronxville, New York. The Supreme Court's decision led by the conservative justices found that affirmative action policies, which allowed schools to account for a student's race in order to accept more diverse applicants, were discriminatory.
Persons: Sarah Lawrence, John Roberts, Sarah Lawrence's, Stephanie Keith, Roberts Organizations: Service, Supreme Locations: Wall, Silicon, Yonkers , New York, United States, Bronxville , New York
Mr. Allen was indicted in December in the overdose deaths of Nurbo Shera and Ardijan Berisha. Mr. Allen has been charged with 10 counts of second-degree murder — two for each of the five deaths. Mr. Shirley is charged in the overdose deaths of Mr. Ahmed and Mr. Rudnitsky. He was arraigned on Thursday afternoon, pleading not guilty to charges of second-degree murder, robbery, and grand larceny. The indictment described a series of texts about money between him and Mr. Allen.
Persons: Allen, Nurbo, Ardijan Berisha, Ms, Gallagher, Alexander Rudnitsky, Sadath Ahmed, Shirley, Mr, Ahmed, Rudnitsky, Brian Rodkey, , ” Mr Organizations: Rutgers University Locations: Yonkers, N.Y, Queens, Manhattan, Bronx
Mr. Gutman is an environmental planning consultant and a member of the New York-New Jersey Storm Surge Working Group. In terms of population at risk, New York City is the most vulnerable city in the country, according to Climate Central, a nonprofit research organization. These highly effective and reliable harborwide surge barriers can protect large areas while leaving shorelines free for recreation and other uses. Hudson River Park 12 feet 12 feetHudson River Park 12 feet 12 feetHudson River Park 12 feet 12 feetGantry Plaza State Park 12 feet 12 feetGantry Plaza State Park 12 feet 12 feetImagine bicycling up the Hudson River Greenway in Manhattan next to a concrete wall between you and Hudson River Park. It consists of walls, small storm surge barriers and other shoreline barriers.
Persons: Robert Yaro, Daniel Gutman, Quoctrung Bui, Taylor, John Lehr, Yaro, Gutman, Hurricane Sandy, Rohit Aggarwala, Aggarwala, Jeroen Aerts, , Sandy Hook, Arthur, Sandy, David Ralston Organizations: The New York Times, Regional Plan Association, Metro Flood Defense, New Jersey Storm, U.S . Army Corps of Engineers, Corps, Hurricane, Climate Central, United Nations, New, LaGuardia Airport, Vrije University Amsterdam, New York City, Bronx Manhattan, Bronx Manhattan Jersey City Queens, Bronx Manhattan Jersey City Queens Brooklyn Jamaica Bay, U.S . Army Corps, Engineers, Oceanographic, Dade Locations: York, New, New York, New Jersey, floodwalls, New York City, Rotterdam, Netherlands, London, St, Petersburg, Russia, New York Harbor, Central, Greenpoint, Manhattan’s, Jersey City, Hudson, Greenway, Manhattan, United, Jersey, Bronx, Queensbridge, South Williamsburg, Yonkers, Ossining, Market, Newtown, New York State , New Jersey, Brooklyn, Staten Island, Arthur Kill, Jamaica, Bronx Manhattan Jersey, Bronx Manhattan Jersey City Queens Brooklyn, Bronx Manhattan Jersey City Queens Brooklyn Jamaica Bay Staten, Texas, Galveston, Houston, Hurricane, Miami
"It's quite shocking that Biden thinks he would be able to fill a second term, let alone the rest of this term," said Republican strategist Scott Reed. "An extensive travel schedule is not the measure of a candidate's ability to do the job," said Democratic strategist Karen Finney. CAMPAIGN REINVENTEDBiden campaign aides reinvented his 2020 campaign as COVID-19 spread across the country. But other issues may trip up the incumbent president on the campaign trail, including his handling of the economy. We don't need rah rah rallies," said Democratic strategist Joe Lestingi.
A New York Knicks fan thinks of point guards the way a parched person thinks of water. Over much of Mike Breen ’s half-century association with the club, first as a Yonkers-bred die-hard and then as the play-by-play voice of the team’s radio and television affiliates, the Knicks have looked high and low for competency at the position, imagined how it might correct their misfortunes, and watched one homegrown player after another flourish elsewhere professionally. “We’re a city that prides itself on point guards,” Breen said. “Many of them never played for the Knicks, obviously.”
Insider asked Hyrapett to analyze ChatGPT write-ups of homes for sale in New York and California. The Zillow listing for a Yonkers, New York, home that Insider asked ChatGPT to write a description for. Dan Latu/InsiderWhen Hyrapett reviewed the listing, she called some of the words the chatbot used — including "boasting," "spacious," and "well-appointed" — cliché. Instead, Hyrapett said, she prefers to use "offers" or "provides" instead of "boasts," "generously sized" for "spacious," and "thoughtfully designed" over "well-appointed." Dan Latu/InsiderThe best real-estate listings lure buyers with call-to-action phrases like, "Come start your new beginning, " Hyrapett said.
In addition to 87 more Bed Bath & Beyond stores, the company now says it will close all of its remaining Harmon health and beauty stores, and five Buybuy Baby stores. San Leandro: 15555 East 14th St., Suite 24015555 East 14th St., Suite 240 Burbank: 201 East Magnolia Blvd. Marina: 117 General Stilwell Drive117 General Stilwell Drive Vallejo: 105 Plaza Drive, Suite 107105 Plaza Drive, Suite 107 * Palm Desert: 72459 Highway 11172459 Highway 111 * Visalia: 3125 South Mooney Blvd. Arterial * Coralville: 2515 Corridor Way Suite 5Kansas:Lawrence: 3106 S. Iowa St., Suite 2153106 S. Iowa St., Suite 215 Manhattan: 425 3rd Place425 3rd Place * Olathe: 15335 W. 119th St.Kentucky:Elizabethtown: 1998 N. Dixie Ave.1998 N. Dixie Ave. New Hartford: 4805 Commercial Drive4805 Commercial Drive Kingston: 1187 Ulster Ave.1187 Ulster Ave. Plattsburgh: 73 Centre Drive, Suite 10073 Centre Drive, Suite 100 Farmingdale: 251 Airport Plaza Blvd.
Three men were indicted on charges of money laundering and murder-for-hire, the DOJ said. The target, Masih Alinejad, told The Associated Press the FBI read her the messages the men exchanged. The indictment did not say if the Iranian regime was directly involved in the murder order. Alinejad told The Associated Press that the FBI read her the messages the men exchanged,"I'm not scared," Alinejad told the AP. While the man behind the plot is in Iran, the DOJ indictment did not say whether the Iranian government was behind the plot.
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