From CNBC:

Shares of New York Community Bancorp plummeted over 40% on Wednesday as reports emerged of the bank seeking a cash infusion. The stock was briefly halted as shares fell to below $2, following a turbulent start to the year including credit rating downgrades and internal control issues.
The struggles facing NYCB reflect broader challenges in the banking sector, as rising interest rates pressure regional lenders and commercial real estate. Investors and regulators are closely monitoring the situation, with lingering concerns about the bank’s stability and ability to weather ongoing economic headwinds.



Read more: New York Community Bancorp tumbles 40%, is halted