Tag Archive | "Flagstar"

Metro Detroit-based Flagstar Bank laying off 600 employees

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. Full News here – Detroit Business News

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Flagstar Bancorp told it no longer risks NYSE delisting

Tom Henderson – Troy-based Flagstar Bancorp Inc. has been notified by the New York Stock Exchange that it is in compliance with the exchange’s pricing rules and no longer faces possible delisting. Full News here – Crain’s Detroit Business – News Feeds

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Flagstar shareholders approve 1-for-10 reverse stock split

Tom Henderson – Shareholders of Troy-based Flagstar Bancorp Inc. (NYSE: FBC) approved a proposal at their annual meeting Tuesday for the company to do a 1-for-10 reverse stock split. Full News here – Crain’s Detroit Business – News Feeds

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US court reinstates lawsuit over Flagstar stock

Some current and former employees will get another chance to pursue a lawsuit… Full News here – Click On Detroit News

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Flagstar calls first profitable quarter since 2008 a milestone

Flagstar calls first profitable quarter since 2008 a milestone

Troy-based Flagstar Bancorp Inc. announced after the close of markets Tuesday that it has returned to profitability after 15 straight quarterly losses totaling more than $ 1.1 billion. Full News here – Crain’s Detroit Business – News Feeds

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