[HIGHLIGHTS] NYCB bank defends its solvency and assures that it has not suffered a flight of deposits

NYCB bank defends its solvency and assures that it has not suffered a flight of deposits. The New York entity gives executive powers to its president to face the crisis and stop the collapse in the Stock Market.

Moody's on Tuesday lowered the rating from Baa3 to Ba2, two steps below investment grade. A rating like this is a calamity for a financial institution. The bank has had a minimum respite on the stock market: it has opened lower and has lost more than 13%.