"Moody's Downgrades Regional Bank Amid Lingering Crisis Concerns"

New York Community Bank (NYCB) has been hit with its third credit downgrade due to concerns about its exposure to commercial real estate (CRE) and a surprise loss, leading to a plunge in its stock price. The bank's management is considering selling off loans in its CRE portfolio and shrinking its balance sheet to shore up its financial strength. Treasury Secretary Janet Yellen expects additional stress and financial losses in the CRE market, while NYCB has set aside more capital to meet regulatory requirements. NYCB, which acquired failed banks during last year's regional banking crisis, has seen its stock fall over 59% in the last month.