Matthew Monks

(Bloomberg)—New York Community Bancorp dropped as much as 47% as the beleaguered commercial real estate lender tries to raise equity capital to restore investor confidence.

Hi, it’s Matt Monks in New York, looking at some early gains for Steven Mnuchin after his $1 billion bet on NYCB. Also today, Hess pushes back on Exxon and when is a SPAC not a SPAC?

Power company Southwest Gas Holdings Inc. is moving forward with the carve-out of its infrastructure services business about two years after announcing the split, following a spat with billionaire activist investor Carl Icahn

(Bloomberg) -- Consumer finance startup Stash is hiring investment bankers to explore options, including a financing or a sale, according to people familiar with the matter.

Hi, it’s Matthew Monks in New York, catching up with one of the firms that recently backed a new equity investment in NYCB. Also today, activists win board seats at Elanco and Twilio.

Tradeweb Markets Inc. has struck an agreement to buy investment-technology provider Institutional Cash Distributors as it seeks growth beyond its core rates-trading business.

Hi, it’s Matt Monks in New York. In today’s newsletter, we look at how KKR’s plan to sell or IPO BMC fits into the broader context of private equity exits. Elsewhere, Clearlake is renewing its pursuit of a favorite takeover target. Today's top stories

The Federal Deposit Insurance Corp. is in talks with potential acquirers for Republic First Bancorp Inc. , according to people with knowledge of the matter.

(Bloomberg) -- Hawaiian Electric Industries Inc., the utility under scrutiny for its role in last year's deadly Lahaina wildfire, is exploring

UMB Financial Corp. is in talks to acquire rival Heartland Financial USA Inc., people with knowledge of the matter said, in what would be the biggest US regional bank merger this year.