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- New York Community Bancorp stock has plunged 60% in recent days to a near 27-year low.
- The regional bank reported disappointing earnings, stoking fears of commercial real estate trouble.
- Regional banks ran into trouble last year as rate hikes hit their bond and CRE portfolios.
A smaller lender is facing a firesale of its stock fueled by concerns about its stability, echoing the regional-banking problems last year that stoked fears of a full-blown financial crisis and commercial real estate meltdown.
Here's a rundown of what's happened at New York Community Bancorp, and why it matters.
Earnings disappointment
NYCB is the parent company of Flagstar Bank — one of America's biggest regional lenders with 420 branches — and the second-largest lender to the multifamily-property space.