New York Community Bankcorp shares soar on Signature deal

FAN Editor

Shares of New York Community Bancorp jumped Monday, gaining almost 40% when U.S. trading opened. The Hicksville, New York, financial institution announced its Flagstar Bank unit is buying certain assets and assumed certain liabilities of Signature Bridge Bank from the Federal Deposit Insurance Corporation. All regulatory approvals, including approval from […]

Stuart Varney: Bailouts are bad, but a crash is worse

FAN Editor

During his “My Take,” Monday “Varney & Co.” host Stuart Varney addressed recent banking fears raised by the specter of a 2008-like financial crisis, arguing that, 15 years ago, Washington faced a similar bailout situation, and that, now, if confronted with the same decision, politicians would likely vote to bail […]

Biden’s IRS targets small businesses, families: Army of 87,000 agents must be defunded

FAN Editor

For months, Republicans warned President Joe Biden’s push to hire 87,000 Internal Revenue Service (IRS) agents in the Inflation Act would pave the way for more audits on small businesses and families across America. The president, his administration, and Democrats in Congress have gone to great lengths to attempt to dispute this fact.  Yet Treasury Secretary Janet […]