Transparency refers to the quality of being clear, open, and honest, allowing information to be readily available and understandable. In various contexts, such as governance, business, or communication, transparency implies that decisions, processes, and actions are conducted in a manner that is visible and accountable to stakeholders. This fosters trust and encourages integrity by enabling individuals and organizations to understand motivations and outcomes. When applied to data or information sharing, transparency ensures that relevant details are accessible, allowing for informed decision-making and preventing misunderstandings or deception. In a broader sense, transparency also emphasizes ethical practices and the importance of being forthcoming about one’s actions and policies.
New York Community Bank (NYCB) recently revealed various financial metrics in an attempt to reassure worried investors. However, despite stable deposits and ample resources to cover uninsured deposits, confidence in…