New York Community Bank shares tumble on news of operational problems, leadership changes

[ad_1] The stock price of New York Community Bancorp Inc. continued to tumble on Friday in response to the Hicksville-based lender’s disclosure that it took a $2.4 billion charge against last year’s earnings because of poor loan review practices and other operational deficiencies. The charge turned the company’s 2023 profit into a loss. NYCB shares closed down…

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Pizza chain closures despite record sales

[ad_1] US Pizza Chain, Papa John’s, has announced its intention to close 50 restaurants across the UK and that Scottish locations may be at risk. The announcement comes at a time the group is producing record sales. The group produced a record  £1 billion pound sales result in the fourth quarter of 2023 – this being a ten…

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