Regional lender New York Community Bancorp has already had a rough 2024. The latest development came at the end of last week: The bank swapped out its CEO following the revelation of what it called “material weaknesses in the company’s internal controls.” You may also recall that NYCB acquired just under $40 billion in assets … Read more
New York Community Bancorp Credit Rating Cut by Fitch and Moody’s New York Community Bancorp’s Credit Rating Downgraded by Fitch and Moody’s Fitch Ratings Slashes Credit Grade to Junk New York Community Bancorp’s credit grade has been downgraded to junk status by Fitch Ratings. According to a statement released on Friday, Fitch downgraded the bank’s … Read more
Shares of New York Community Bancorp Plummet After CEO Departure Shares of New York Community Bancorp Plummet After CEO Departure Introduction Shares of New York Community Bancorp, a major banking institution, took a massive hit prior to the opening bell on Friday. This steep decline comes in the wake of the sudden departure of the … Read more