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...NYCB said one member of its board, Hanif Dahya, had resigned because he did not support DiNello’s appointment as chief executive....
...DiNello added that the bank was open to selling “non-core assets”, without elaborating further....
...DiNello had one message for the board: start planning for the worst. Within days, DiNello and Mnuchin were on the phone, and the deal started moving forward, slowly at first....
...In a separate statement, the bank said that Alessandro DiNello, who was named executive chair just over three weeks ago, would replace Thomas Cangemi as chief executive, effective immediately....
...Otting replaces Alessandro DiNello, who became CEO of the bank less than a week ago and will return to a previous role as non-executive chair. Mnuchin is also joining the board....
...NYCB also announced that Alessandro DiNello, until now non-executive chair of its board of directors, would become executive chair. Read more here...
...Joseph Otting, who Mnuchin hired to run OneWest and eventually joined the Trump administration as Comptroller of the Currency, will become NYCB’s new chief executive, replacing Alessandro DiNello, who had...
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