Flagstar Bancorp announces mass layoff

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TROY, Mich., Jan. 30, 2019 /PRNewswire/ — Flagstar Bancorp, Inc. (FBC), the holding company for Flagstar Bank, FSB, today announced its Board of Directors has approved both the initiation of a.

Bank to slash 600 positions as part of restructuring. The loans linked to Flagstar led to months of legal wrangling and then a series of settlements. The lender announced the cuts as part of a broader initiative to focus on today’s lending environment.

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TROY, Mich., May 15, 2019 /PRNewswire/ — Flagstar Bancorp, Inc. (nyse: fbc) today announced plans to audiocast its 2019 Annual Meeting of Shareholders. The annual meeting will be held Tuesday, May 21. Continue Reading

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Daily Job Cuts / Layoffs – Your source for daily economy updates on recent Job Layoffs 2019 / 2018 , Job Losses, Layoff News, Store Closings 2019, Bankruptcy, Business and Economic News

Flagstar Bancorp (NYSE: FBC) announced plans to outsource the servicing of defaulted mortgages, a move that could result in the layoff of up to 300 employees. The Troy-based bank said it expects to hire a subservicer, which it didn’t name, to handle the serving operations.

The layoffs represent slightly less than 12 percent of ING’s 52,000 workforce because nearly 1,000 are expected to come at suppliers rather than the bank itself. Although other large banks have.

University of California regents sue AIG over subprime mortgages The Regents of the University of California are reportedly suing American International Group, or AIG , on the grounds that the insurer allegedly hid exposures to subprime mortgages. The Insurance.

Wells Fargo's Wren on biggest worries for market Federal Reserve Board announces termination of enforcement actions with Flagstar Bancorp, Inc., and Santander Holdings USA, Inc.. The Federal Reserve Board on Thursday announced the termination of the enforcement actions listed below:. Flagstar Bancorp, Inc., Troy, Michigan Supervisory Agreement, issued by the Office of thrift supervision dated january 27, 2010 (PDF)

Troy-based Flagstar Bancorp. announced in a release Thursday that a "restructuring initiative" will ultimately result in 600 layoffs from its Sept. 30, 2013 headcount level.

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It’s those last two items that were tied together, as mass layoffs combined with. box addiction draining their bank accounts. But there was a shift in tone yesterday when Activision’s Bobby Kotick.