Sun Lee's questions to NYCB leadership • Q3 2023
Question
Speaking for Steve Alexopoulos, asked about hiring opportunities for private banking teams, the potential for positive operating leverage, and progress on bringing back Signature noninterest-bearing deposits.
Answer
The bank has successfully hired 59 new Group directors and support staff. They expect to achieve positive operating leverage, though new teams take 12-24 months to ramp up. Deposit flows from the Signature franchise are stable, with nearly $300 million brought back in the quarter.