New York Community Bank shares plummet after $2.4bn earnings hit
TheGuardian
FEBRUARY 29, 2024
Chief executive of embattled bank steps down after company reports ‘material weaknesses’ in internal controls New York Community Bancorp (NYCB) came under fresh pressure on Wall Street after reporting “material weaknesses” in its internal controls, booking a $2.4bn hit to earnings and replacing its chief executive.
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