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- The turmoil at New York Community Bancorp continued Thursday with announcements that sent shares down 20%.
- It appointed a new CEO and disclosed "material weaknesses" relating to how it reviews loans.
- The news came about a year after NYCB acquired assets from the defunct Signature Bank.
The turmoil at New York Community Bancorp is getting worse.
On Thursday, the Long Island bank released several announcements that spooked investors — who were already on edge since the lender reported a surprise net loss on January 31.