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NYCB's Flagstar unit to cut around 1,900 jobs

NYCB's Flagstar unit to cut around 1,900 jobs

(Reuters) - U.S. regional lender Flagstar Bank, a unit of New York Community Bancorp (NYSE:NYCB ), said on Thursday it will lay off around 700 employees, or 8% of its workforce, amid efforts to turn around its struggling business.

Source: Investing.com

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