Banking

Share of gig workers hit a new high in March

A new report by the Bank of America Institute found that the share of bank customers who received income from gig work hit a new high of 3.8% in March after a lull in 2023.

New York Community Bancorp seeks cash infusion

NYCB has been in crisis mode since it revealed in January signs of trouble in its commercial real-estate books, saying it swung to a loss in the fourth quarter and slashed its dividend.