New York Community Bancorp (NYCB.N) cut its dividend last week and recorded a surprise quarterly loss on the hit from the beleaguered commercial real estate (CRE) sector, reviving fears about the health of regional banks that have similar exposure.
The dividend cut, which was meant to bolster capital to meet stricter regulation after NYCB's assets crossed $100 billion, prompted a series of downgrades and sparked an over 60% drop in shares since then.
Here is a timeline of key events surrounding NYCB:
Sources: Company statements, conference call, media reports
