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Regional Bank Stocks Fall After New York Community Bancorp Cuts Dividend, Posts Loss

Shares of New York Community Bancorp fell, weighing on smaller lenders, after the bank swung to a loss and slashed its dividend to shore up capital in the aftermath of its purchase of the assets of [the collapsed Signature Bank](https://www.wsj.com/articles/signature-banks-quirky-mix-of-customers-fueled-its-rise-and-hastened-its-fall-8bc10cd2). + The KBW Regional Banking Index was recently off nearly 4%. Larger financial institutions' shares held up better in early trading.
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