Flushing Financial seeks to raise $70 million to shore up capital as it unloads underwater bonds

Quick Summary:

Banks with commercial real estate exposure have struggled after the Federal Reserve hiked interest rates through 2023, leaving them with unrealized losses.

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Category: EconomyBusiness

Markets: United States

Topics: New York Community Bancorp Inc Cnbc Business Investment strategy Investing Articles Business News New York Real estate Source:tagname:CNBC US Source Breaking News: Investing Finance Banks Breaking News: Markets Markets Flushing Financial Corp

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-12 @ 23:17:39 (1 days ago)

News Timezone: GMT -5:00

News Source URL: cnbc.com

Language: English

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CNBC

News ID: 24385225

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Main Topics: EconomyBusiness

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