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‘Consumers should not worry’ after turbulent month for New York Community Bank.


New York Community Bank has lost 7% of deposits over a turbulent month as customers pulled their money from the regional commercial bank.


A new capital infusion of over $1 billion takes the NYCB off the “watch list” for another potential bank failure, according to Sheila Bair, former chair of the Federal Deposit Insurance Corporation from 2006 to 2011.


“Consumers should not worry about this,” said Bair, who is also a member of the CNBC Global Financial Wellness Council and author of the “Money Tales” children’s book series.


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