{"id":87508,"date":"2024-03-01T00:16:57","date_gmt":"2024-03-01T05:16:57","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=87508"},"modified":"2024-02-29T23:18:38","modified_gmt":"2024-03-01T04:18:38","slug":"shares-of-nycb-fall-more-than-20-after-bank-discloses-internal-controls-issue","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2024\/shares-of-nycb-fall-more-than-20-after-bank-discloses-internal-controls-issue.html","title":{"rendered":"Shares of NYCB fall more than 20% after bank discloses \u2018internal controls\u2019 issue"},"content":{"rendered":"\n<p>(CNBC) The bank has announced an <a rel=\"noreferrer noopener\" href=\"https:\/\/www.sec.gov\/ixviewer\/ix.html?doc=\/Archives\/edgar\/data\/0000910073\/000119312524053449\/d767207d8ka.htm\" target=\"_blank\">amendment<\/a> to its fourth-quarter results, adding a disclosure about its internal risk management. \u201cAs part of management\u2019s assessment of the Company\u2019s internal controls, management identified material weaknesses in the Company\u2019s internal controls related to internal loan review, resulting from ineffective oversight, risk assessment and monitoring activities,\u201d the company said in a filing with the U.S. Securities and Exchange Commission.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/02\/29\/shares-of-nycb-fall-more-than-10percent-after-bank-discloses-internal-controls-issue-ceo-change.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) The bank has announced an amendment to its fourth-quarter results, adding a disclosure about its internal risk management. \u201cAs part of management\u2019s assessment of the Company\u2019s internal controls, management identified material weaknesses in the Company\u2019s internal controls related to [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-87508","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/87508","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=87508"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/87508\/revisions"}],"predecessor-version":[{"id":87509,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/87508\/revisions\/87509"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=87508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=87508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=87508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}