Flagstar Bank laying off 700 more employees
Flagstar Bank laying off 700 more employees, 1,200 others to be affected by sale of mortgage business
Flagstar Bank is laying off about 700 more workers “as part of its strategic transformation plan,” according to the bank’s Hicksville-based parent company. The layoffs represent about 8% of the bank’s workforce, New York Community Bancorp Inc. — which bought Flagstar in 2022 — said in a statement Thursday.
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
Flagstar Bank lays off 700 with more to depart after asset sale to Mr. Cooper
Flagstar laid off 700 employees and anticipated the transition of another 1,200 to Mr. Cooper Group as part of a recent asset sale.
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, increase operational efficiencies and enhance its credit oversight and risk framework.
NEW YORK COMMUNITY BANCORP, INC. CHANGES NAME TO FLAGSTAR FINANCIAL, INC. AND STOCK SYMBOL TO FLG
New York Community Bancorp, Inc., (NYSE: NYCB) (the "Company"), the holding company of Flagstar Bank, N.A., today announced that its Board of Directors approved and adopted an amendment to the Company's Amended and Restated Certificate of Incorporation,
NYCB’s Flagstar Cuts 700 Staff With More to Depart in Unit Sale
New York Community Bancorp’s Flagstar Bank is eliminating 700 jobs, or 8% of the workforce, as part of the lender’s effort to turn around its business.
NYCB's Flagstar Unit to Cut Around 1,900 Jobs
(Reuters) -New York Community Bancorp unit Flagstar Bank will lay off around 1,900 employees, the U.S. regional lender said ...
Crain's Detroit2d
Flagstar Bank to cut 1,900 jobs by the end of 2024
Flagstar Bank will be eliminating 700 jobs, or 8% of its workforce, its parent company New York Community Bancorp announced ...
bankingdive2d
NYCB to shrink headcount by 1,900
The bank cut roughly 700 employees, or 8% of its workforce, it said Thursday, and anticipates shedding another 1,200 when mortgage servicing and third-party origination roles transfer to Mr. Cooper.
NYCB to Be Renamed Flagstar Financial as Turnaround Gathers Pace
Flagstar Bank is a subsidiary of New York Community Bancorp. The lender announced its $2.6 billion acquisition of Flagstar in ...
FLAGSTAR BANK IMPLEMENTS WORKFORCE CHANGES AS PART OF ITS CONTINUED TRANSFORMATION AND COST REDUCTION STRATEGY
Flagstar Bank, N.A., (the "Bank") a subsidiary of New York Community Bancorp, Inc., (NYSE: NYCB) (the "Company"), today ...
bankingdive3d
NYCB rebrands as Flagstar Financial
The board has approved an amendment to change New York Community Bank’s name to Flagstar Financial, effective Oct. 25.
The full list of major US companies slashing staff this year, from Flagstar Bank to Meta and Goldman Sachs
Companies have continued to cut jobs in 2024 after a wave of layoffs last year. Meta, Goldman Sachs, Google, and Tesla are ...
National Mortgage News4d
New York Community set for a corporate rebranding
After NYCB streamlined its branch operations under the Flagstar name, the publicly traded company will begin trading under a ...