According to insiders, the New York Community Bank's aggressive financial measures under regulatory pressure caused the banking sector to fluctuate last week. The increasing pressure from the highest regulatory agency in the United States led to the unexpected decision of the bank to cut dividends and reserve cash to prevent commercial real estate loans from turning bad. The above-mentioned insiders stated that after a behind the scenes dialogue with officials from the US Monetary Authority, these radical financial measures triggered a record sharp drop in the company's stock price and dragged down the entire banking industry's stock price last week.