Skip to Primary Navigation

Fresh fears sparked over US regional bank stability

Branch of New York Community Bank.
Photo: Spencer Platt/Getty Images

Issues at New York Community Bank and Philadelphia’s Republic First Bancorp prompt sectoral concern.

Shares of New York Community Bancorp fell more than 25% at the end of last week after the regional lender announced a change of chief executive officer and disclosed issues with its internal controls.

The regional bank announced last Thursday after the market closed that Alessandro DiNello, its