Trading of New York Community Bank (NYCB) stock was halted on the New York Stock Exchange Wednesday following a dramatic plunge of more than 42 percent, reaching all-time lows.
The halt is pending further news from the bank, which is the 35th largest in the U.S. and was founded in 1859.
This is a breaking news story. Newsweek will update this story once more information becomes available.
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Newsweek is committed to challenging conventional wisdom and finding connections in the search for common ground.