The bank also said Alessandro DiNello will step down as the non-executive chairman, at the close of business on June 5. Shares of NYCB were last up 1.2% in extended trading. A stock rout wiped billions off NYCB's market value since January, roughly a year after the collapse of Silicon Valley Bank and Signature Bank ignited widespread concerns over the health of the sector.
NYCB Names CEO Joseph Otting to Additional Role of Chairman usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
The US appears likely to enter a default cycle in the near future, according to senior fund managers and economists. A recent bout of M&A transactions involving chapter 11 cases point.
NYCB shares rise on deal to sell $5 billion mortgage warehouse loans to JPMorgan marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.