Event JSON
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"https://www.cnbc.com/2024/12/12/flushing-financial-seeks-to-raise-70-million.html"
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"Flushing Financial seeks to raise $70 million to shore up capital as it unloads underwater bonds"
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"The bank's CEO, John Buran, plans to sell bonds and loans at a loss, which would necessitate the sale of fresh stock. This move is part of a trend among banks with commercial real estate exposure, which have struggled after the Federal Reserve hiked interest rates. Flushing Financial has about $9.3 billion in assets and is expected to raise capital in the coming months as the Fed eases interest rates."
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