NY Community Bank Shares Plunge Over 20% as CEO Departs Amid Internal Control Issues
- New York Community Bank CEO Thomas Cangemi is leaving, shares tumbled over 20%
- Bank discloses "material weaknesses" in internal controls related to loan review
- Recent financial reporting being reviewed as a result
- Alessandro DiNello replacing Cangemi as CEO, Cangemi remains on board
- Dislosures come ahead of anniversary of Silicon Valley Bank collapse last March