Astoria Feels Squeeze from Yield Curve

Johnson, Hilary
January 2007
American Banker;1/26/2007, Vol. 172 Issue 18, p20
Trade Publication
The article focuses on Astoria Financial Corp. which reported fourth-quarter earnings that matched the estimates of Thomson Financial analysts. The Lake Success, New York company reported profits falling 36% from a year earlier. The company's chief executive officer (CEO), George L. Engelke Jr., blamed the yield curve for the lower quarterly net interest margin and profits.


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