Mnuchin’s Liberty Strategic Capital reports 7.7% stake in NYCB

By Thomson Reuters Jun 10, 2024 | 5:25 PM

(Reuters) – Liberty Strategic Capital on Monday disclosed it held a 7.7% stake in regional lender New York Community Bancorp as of June 7.

Former U.S. Treasury Secretary Steven Mnuchin’s private equity firm was part of an investor consortium that invested roughly $1 billion in the bank in March.

(Reporting by Manya Saini in Bengaluru; Editing by Shounak Dasgupta)