The turmoil surrounding New York Community Bancorp (NYCB) is intensifying again after it disclosed the exit of CEO Thomas Cangemi, weaknesses in its internal controls, and a tenfold increase in ...

New York Community Bancorp said Thursday that Thomas Cangemi (right) has stepped down as CEO. He will be succeeded by Alessandro DiNello (left), who became the company's executive chairman in early ...

DiNello, who was appointed executive chairman on Feb. 6, succeeds Thomas Cangemi, who stepped down as president and CEO after 27 years with the company. Cangemi remains on the board.

Thomas Cangemi is stepping down as president and CEO of New York Community Bancorp (NYCB) following the company’s disclosure of internal control deficiencies and a goodwill impairment of $2.4 ...

New York Community Bank CEO Thomas Cangemi is out and the bank has disclosed “internal controls” issues linked to internal loan review. The bank, one of the largest commercial real estate ...

When Thomas Cangemi was promoted to president and chief executive officer of New York Community Bancorp in late 2020, he was direct about the need to revamp its business model. The Long Island-based ...

Shares of New York Community Bancorp plunged after longtime CEO Thomas Cangemi, who has spent much of this year reassuring investors about the bank’s viability, stepped down abruptly and the ...

New York Community Bancorp’s CEO Thomas Cangemi said the company’s poor quarter is a product of acquiring close to $40 billion in assets, including $13 billion worth of loans, from now-failed ...

CEO Thomas Cangemi said the firm’s recent acquisitions — its late-2022 merger with Flagstar Bank and first-quarter purchase of $13 billion post-collapse Signature Bank loans — drove the ...

The former president and CEO, Thomas Cangemi, has stepped down from those roles, but will remain on the bank's board, the announcement said. DiNello, now 69, was Flagstar's CEO at the time of the ...

Some of the very first signs of banking stress in the crisis that unfolded last year were reflected in Silicon Valley Bank, Signature Bank and First Republic Bank’s nosediving share prices.