Ohio bank’s parent company NYCB ge ts $1 billion lifeline amid turmoil

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March 7, 2024

Cleveland Business News

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Ohio bank’s parent company NYCB gets $1 billion lifeline amid turmoil

Flagstar, formerly Ohio Savings Bank, got an infusion of cash amid turmoil and dropping stock prices.

By Sean McDonnell, cleveland.com and The Associated Press

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Rail car burn in East Palestine wasn’t needed, transportation safety chief tells Sen. JD Vance

NTSB Chair Jennifer L. Homendy said that rapidly increasing temperatures and “some sort of infusion of oxygen” would have been needed to make the rail cars explode, neither of which which was happening. She said the Norfolk Southern contractors lacked a scientific basis to support their conclusion the burn was needed.

By Sabrina Eaton, cleveland.com

News

Claim COVID-era stimulus checks from 2020-21; time running out to get money

The Internal Revenue Service this week reminded taxpayers who haven't filed returns for 2020 or 2021 to do so in order to claim Recovery Rebate Credits, also known as stimulus payments, for each year.

By Zach Mentz, cleveland.com

News

What is a ‘super load?’ Huge shipments heading across Ohio to construction sites, including Intel

900,000-pound shipments are slowly traveling across southern Ohio toward the Columbus area.

By Sean McDonnell, cleveland.com

Subscriber Exclusive

Mentor Council approves conservation of 215 acres it owns in Painesville, in part to protect Mentor businesses

Mentor City Council has approved an ordinance that would prevent development of 215 acres it owns in Painesville.

By Megan Sims, cleveland.com

Business

Target to launch paid membership program with free same-day delivery perks

Target announced Tuesday it will join competitors Amazon and Walmart with a paid membership program that will offer unlimited free same-day delivery for some purchases.

By Robert Higgs, cleveland.com

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Ohio bank’s parent company NYCB ge ts $1 billion lifeline amid turmoil

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