NYCB Sees Leadership Shakeup, $2.7B Loss Amid Regulatory Scrutiny of Growth and Risk Management
• NYCB CEO Cangemi stepped down, replaced by executive chairman DiNello amid $2.7B Q4 loss and internal control weaknesses
• Bank took $2.4B goodwill impairment charge tied to market cap drop, delayed annual report filing
• Leadership changes follow dividend cut, bigger loan loss provisions after crossing $100B asset threshold
• Flagstar purchase and Signature assets absorption brought regulatory scrutiny
• Board changes too as directors exit, new presiding director named amid "new chapter"