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Rescued New York Community Bank to lay off 700 at its Flagstar subsidiary
Struggling New York Community Bancorp said it's cutting 700 jobs at its Flagstar subsidiary as it tries to return to profitability after being rescued by investors earlier this year
New York Community Bancorp-Unit Flagstar Bank Cuts 700 Jobs, Plans More Layoffs
Flagstar Bank cut 8% of its employees, or about 700 workers, and has plans to lay off more. The bank, a subsidiary of New York Community Bancorp, said Thursday that the cuts are part of a transformation strategy that aims to strengthen its management,
NYCB's Flagstar unit to cut around 700 jobs
U.S. regional lender Flagstar Bank, a unit of New York Community Bancorp , said on Thursday it will lay off around 700 employees, or 8% of its workforce, amid efforts to turn around its struggling business.
1d
on MSN
Suspect opens fire on teller during bank robbery in Orange County; makes off with $25k
At least one shot was fired during a bank robbery in Foothill Ranch on Thursday, where the suspect is believed to have made ...
2d
5 Things to Know About the Record-Setting TD Bank Money Laundering Settlement
The TD Bank settlement is a historic event in many ways, including penalties from three different government entities. Read ...
19h
Bank of Canada most likely to cut rates by 50 bps next week
The Bank of Canada is widely expected to reduce its key policy rate by 50 basis points on Wednesday, its fourth cut in a row ...
17h
on MSN
Man taken into custody after bank vandalized in Lincoln park
CHICAGO (CBS) — A bank was vandalized in Lincoln Park overnight in Chicago's Lincoln Park neighborhood. Just after midnight, ...
1d
Bank earnings: Morgan Stanley scores huge profit beat, lifting its stock
Morgan Stanley will be the next big bank to report results on Wednesday, along with several regionals. MarketWatch will be ...
11h
on MSN
UN says Israeli settlers cut down olive trees in 'war-like' West Bank campaign
The United Nations humanitarian office accused Israel on Friday of using "war-like" tactics against Palestinians in the ...
21h
K Bank Pulls IPO Due to Weak Demand, Eyes Restart Next Year (1)
Online lender K Bank Co. has withdrawn its $700 million-plus initial public offering in Seoul after failing to generate ...
10h
Franklin Park man charged in 4-town armed bank robbery spree that included Park Ridge and Niles
A Franklin Park man has been indicted on federal charges of bank robbery where, in most cases, he also used a weapon and made ...
20h
on MSN
Indian central bank's persistent intervention helps rupee avert sharp losses, traders say
The Indian central bank's persistent dollar sales on Friday have helped the rupee avert sharp losses amid sustained outflows ...
7h
Rescued New York Community Bank to lay off 700 at its Flagstar subsidiary, with more cuts coming
Struggling New York Community Bancorp said it's cutting 700 jobs at its Flagstar subsidiary as it tries to return to ...
16h
on MSN
1 in custody after window was broken and bank was spray painted on North Side
A 56-year-old man was taken into custody overnight after a bank was vandalized on the North Side in the Lincoln Park ...
1d
on MSN
India's Axis Bank posts Q2 profit beat; margins shrink
The country's fourth-largest private lender by market capitalisation said its standalone net profit - which excludes its ...
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