29-02-2024 22:59 via rocketnews.com

New York Community Bank’s stock slides after leadership changes, ‘material weakness’ notice

Shares of New York Community Bancorp Inc. fell sharply on Thursday after the bank announced immediate leadership changes and disclosed a “material weakness” in its accounting protocols, as well as a late-filing notice.The bank NYCB, +5.51%said it had appointed Alessandro DiNello as its new chief executive, a decision that took effect immediately after Thomas Cangemi stepped down from the role. Marshall Lux has been named presiding director of the board, effective immediately, after H
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