NYCB CEO Replaced and Shares Plummet Due to Internal Control Weaknesses

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. New York Community Bancorp shares shed a quarter of their value on Friday after the regional lender disclosed it had replaced its chief executive and identified “material weaknesses” in internal controls that guide how loans … Read more
You can read the full story here: NYCB CEO Replaced and Shares Plummet Due to Internal Control Weaknesses .