Flagstar Financial's profitability challenges extended into yet another quarter, with the company reporting a net loss, though executives remain optimistic about a near-term financial turnaround.

The former CEO of Flagstar bank allegedly tipped off a client to a money-laundering probe and discussed sensitive company information — as an underling sat on his lap and rubbed his head during ...

The layoffs include 113 people at the bank's Troy office and were prompted by Flagstar's planned sale of its mortgage servicing business.