GBN24

Business News: Shares of NYCB fall 20% after bank discloses ‘internal controls’ issue, CEO change

3

Get real time updates directly on you device, subscribe now.

Business News: Shares of NYCB fall 20% after bank discloses ‘internal controls’ issue, CEO change

A New York Community Bank stands in Brooklyn on February 08, 2024 in New York City.

Spencer Platt | Getty Images

Shares of New York Community Bancorp fell 20% in extended trading Thursday after the regional lender announced a leadership change and disclosed issues with its internal controls.

The regional bank announced that Alessandro DiNello, its executive chairman, is taking on the roles of president and CEO, effective immediately. NYBC has been under pressure in recent months due in part to concerns about its exposure to commercial real estate.

The bank also announced an amendment to its fourth quarter results, adding a disclosure about its internal risk management.

“As part of management’s assessment of the Company’s internal controls, management identified material weaknesses in the Company’s internal controls related to internal loan review, resulting from ineffective oversight, risk assessment and monitoring activities,” the company said in a filing.

This is breaking news. Please check back for updates.

source
خرید رپورتاژ آگهی
رپورتاژ آگهی

Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More