Major bank chain warning as new CEO breaks silence on ‘major challenges’ and admits ‘material weakness’ ...Middle East

THE CEO of a major bank has broken his silence after the company made several announcements that spooked investors and sent stocks plummeting. It all started when New York Community Bankcorp reported a surprising net loss on January 31. GettyThe CEO of New York Community Bankcorp (Alessandro DiNello pictured) has broken his silence after the company’s stocks plummeted[/caption] ReutersThe bank made several announcements that seemed to spook investors (stock photo)[/caption] Nearly a month later, the Long Island bank – which is a top 30 in the U.S. – announced that its 27-year veteran president and CEO, Thomas Cangemi, was leaving. NYCB immediately appointed Alessandro DiNello

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