Surveillance: Morgan Stanley’s Wilson Hears a Bank Wake-Up Call
Lenders’ property-related losses aren’t systemic, he says, but they weigh on credit
New York Community Bancorp — whose units include Atlantic Bank — sent a chill through markets with its cut to the dividend.
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Let’s get this out of the way first: No one on Surveillance this morning was calling for another round of existential angst around the existence of community banks.