Last Friday, Hudson City Bancorp Inc. (NASDAQ:HCBK) announced that it has paid off $4.3 billion debt as part of its effort to restructure the balance sheet. This restructuring would condense higher-cost structured borrowings and in turn boost net interest income in the coming quarters as interest expenses goes down. However, this action is projected to result in a loss in the fourth quarter. Its dividend strategy however would likely remain untouched.
Hudson City paid off $4.3 billion of structured … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards