We are approaching almost exactly the anniversary of the crisis that brought down several mid-sized banks, and the troubles of another banking giant are once again drawing unwanted attention to the industry. What is it?

New York Community Bancorp $NYCB is trying to quell concerns about its financial stability after the bank's stock plunged a week ago when the company posted poor quarterly results and cut its dividend to shareholders.

NYCB posted a net loss of $252 million in the latest quarter after earning $207 million in the third quarter and $172 million a year ago. Interest income fell 4% from the previous quarter to $1.45 billion, while interest expense rose 12% from the third quarter to $707 million.

This, along with the bank's 790% provision for loan losses, caused net interest income after provisions to decline 77% quarter-over-quarter. As a result, the bank cut its quarterly dividend to 5 cents per share, a reduction of more than 70%.

This rapid decline in $NYCB' s results and…