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.
Shares in the bank tumbled 19% in after-hours trading on Thursday, extending its extraordinary rout on the stock market.
More Stories
Dutch climate campaigners vow to take Shell to court again
Top winemaker ‘may have to leave its Spanish vineyards due to climate crisis’
Trump announces more than $200bn of deals between US and UAE