Reported 1 day ago
Flagstar Financial Inc. (NYSE:FLG) saw its stock price fall by 5.48% to $11.39 after announcing its merger with Flagstar Bank, N.A., with the bank as the surviving entity. The merger aims to cut costs and simplify operations, pending regulatory and shareholder approval. Despite the decline, the company reported a significant reduction in net losses and plans to distribute quarterly dividends.
Source: YAHOO