Monday, February 9th, 2015

Flagstar Bancorp Inc. responds to market rumors that spurred trading volume

Flagstar Bancorp Inc. responds to market rumors that spurred trading volume
Tom Henderson – Troy-based Flagstar Bancorp Inc. (NYSE: FBC) made an unusual response late Wednesday morning to unusual market activity that saw very large trading volumes of its stock and a plummeting price. “Although it is Flagstar’s practice not to respond to market rumors, management believes that is appropriate to do so in this case,” said the bank holding company in a release. “Accordingly …

Read more on Crain’s Detroit Business


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