Boss of Bank of America worker who died after logging 100-hour weeks loses oversight of lucrative unit
A embattled Bank of America executive has been stripped of responsibility for a key money-making division — months after a high-profile outcry over the overwork death of a junior banker within the division. Gary Howe, the fiery boss of Wall Street giant Financial Institutions Group (FIG), lost oversight of the fintech investment banking team in […]
Commonwealth Bank forced to refund millions of customers – Daily Mail
Written by Rachel Ward, Australian Associated Press, Antoinette Milienos, Daily Mail Australia Release date: 17:22 EDT, October 20, 2024 | Update date: 17:42 EDT, October 20, 2024 A Commonwealth Bank customer has had his legitimate account balance restored after a glitch caused a series of unexpected transactions. The bank apologized on Saturday morning after some […]
News of Oklahoma bank failure, shutdown by federal agency shocks residents – KOCO Oklahoma City
Rated by the FDIC. The bank behind me here is no longer Lindsay's First National Bank. All logos and ownership will change today. That's because a federal agency shut them down for false and false records suggesting fraud. I saw someone on Facebook and I was really shocked, really, really shocked, and it was really […]
Rescued New York Community Bank to Lay Off 700 at Its Flagstar Subsidiary – VINNews
FILE – February 9, 2024 at a New York Community Bank branch in Upper Manhattan, New York. (AP Photo/Ted Shafley, File) (AP) – Struggling New York Community Bancorp said Friday it will cut 700 jobs at subsidiary Flagstar, which aims to return to profitability after being bailed out by investors earlier this year. […]
Oklahoma bank fails, closed by federal agency – KOCO Oklahoma City
Bank of Oklahoma collapses, federal authorities shut down The Office of the Comptroller of the Currency shut down Lindsay Bank on Friday, citing “false and deceptive bank records” that suggested fraud. Updated: October 19, 2024 4:53 PM CDT The Office of the Comptroller of the Currency shut down Lindsay Bank on Friday, citing “false and […]
Bank of America may be looking to drop longtime CEO Brian Moynihan
On the surface, Wall Street seems to like Bank of America CEO Brian Moynihan. The country's second-largest bank announced last week that its revenue fell less than expected, and the media painted it like a victory. Stocks have gone up. Ask analysts and investors and you'll get a vague consensus. “This CEO has been here […]
Commonwealth Bank says it has resolved duplicate transaction issue after funds wiped from accounts – The Guardian
Commonwealth Bank said customers' balances were lower than they should have been after the bank charged them twice for some transactions, leaving some people unsure about how they would buy essentials or pay their rent. He said the error was resolved. The duplicates included recent transactions that resulted in some people having their bank accounts […]
Rescued New York Community Bank to lay off 700 at its Flagstar subsidiary – The Associated Press
Struggling New York Community Bancorp said Friday it will cut 700 jobs at its Flagstar subsidiary as it seeks to return to profitability following an investor bailout earlier this year. The bank said the job cuts amount to 8% of its workforce. The company also plans to sell its mortgage repayment business to mortgage company […]
Rescued New York Community Bank to lay off 700 at its Flagstar subsidiary, with more cuts coming – Yahoo Finance
Struggling New York Community Bancorp said Friday it will cut 700 jobs at its Flagstar subsidiary as it seeks to return to profitability following an investor bailout earlier this year. The bank said the job cuts represent 8% of its headcount, with a further 1,200 job cuts to be implemented after the sale of other […]
Flagstar Bank laying off 700 more employees, 1,200 others to be affected by sale of mortgage business – Newsday
Flagstar Bank will lay off about 700 additional employees “as part of its strategic transformation plan,” according to the Hicksville-based bank's parent company. New York Community Bancorp, which acquired Flagstar in 2022, said in a statement Thursday that the layoffs represent about 8% of the bank's workforce. According to NYCB, these job cuts are part […]