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. […]
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 […]