Shares of NYCB fall more than 20% after bank discloses 'internal controls' issue, CEO change
Publishing timestamp: 2024-03-01 10:44:03
Summary
NYCB's executive chairman takes on roles of president and CEO amid concerns about exposure to commercial real estate. The bank also disclosed issues with internal controls, leading to a 26% drop in shares. Leadership changes and challenges in the regional banking sector are highlighted.
Sentiment: NEGATIVE
Tickers: NYCB,
Keywords: banks, breaking news: markets, new york community bancorp inc, business news,