NYCB shares fell on reports that the bank was struggling to infuse cash. By Investing.com

© Reuters.

Investing.com — New York Community Bancorp’s stock price plummeted more than 40% on Wednesday as concerns about its troubled real estate loans reportedly sparked interest among outside investors for a cash injection to strengthen its finances. It fell and the stock price also stopped. .

New York Community Bancorp Inc (NYSE:) shares were last down 42% and halted due to pending news.

The bank has hired bankers to gauge investor interest in buying the company’s stock, Reuters and the Wall Street Journal reported Wednesday. NYCB did not immediately respond to CNBC’s request for comment.