The firms that lined up to provide the infusion include Liberty Strategic Capital, a firm founded by Mnuchin in 2021, as well as Hudson Bay Capital, Reverence Capital Partners, and Citadel Global Equities. They and some bank managers will purchase common and convertible-preferred stock, effectively taking control of the Hicksville, N.Y.-based company.
The deal also comes with a new change at the top. Former Comptroller of the Currency Joseph Otting will become NYCB's new CEO, the third person to hold that title in just the last few weeks.
unknownx500
