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

Updated: Jul 10

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

Sheila reassures consumers in this CNBC interview about bank failures and deposit insurance protections.

“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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