Increasingly Clear the Treasury Dept and OCC Forced NYCB to slash dividend

Quoting a recent article from Barrons:

"NYCB had thought regulators would give the bank a year or so -- after its government-sanctioned purchase of Signature loans -- to build NYCB capital levels up to those of the biggest banks.

"But the regulator said 'No, we'd like it yesterday,'" Kahn says. "And when your regulator says 'Jump,' you ask, 'How high?'"