NYCB shares jump after bank names new chairman following credit rating downgrade
The New York Community Bank (NYCB) headquarters in Hicksville, New York, US, on Thursday, Feb. 1, 2024. Bing Guan | Bloomberg | Getty Images New York Community Bank’s shares jumped early Wednesday after it promoted its chairman to help stabilize the company’s operations. NYCB shares rose 9%, reversing earlier losses of about 10% after Moody’s…