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Alessandro DiNello, new executive chairman of regional US lender, acknowledges ‘serious situation’ as stock at lowest level in decades
Shares in New York Community Bancorp (NYCB) continued to fall on Wednesday, heightening unease about the US’s regional banking sector.
The bank’s stock has fallen by more than 60% to its lowest level in decades in recent days despite a scramble by the mid-sized lender to reassure investors of its financial strength.
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