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10:12
Flagstar Bank announces a second consecutive profitable quarter, with net income attributable to common shareholders at $0.03 per diluted share for the first quarter of 2026.
After adjustments, the net profit attributable to common shareholders reached a diluted earnings per share of $0.04.
10:11
Flagstar Bank Na's latest disclosures for the first quarter of 2026 show that the net charge-off amount for the period includes a special item as high as $34 million.
This fund is directly related to a transaction with a single borrower who previously entered bankruptcy proceedings. The bank pointed out that this write-off reflects a prudent assessment of specific credit risk. Although the borrower had previously filed for bankruptcy protection, the bank still made impairment adjustments to the related assets in accordance with accounting standards. This provision will further optimize the bank's asset quality structure, laying a more solid foundation for future business development.
09:41
The first batch of goods sent by the United States after the Iran conflict may arrive in Japan on Sunday.
According to Golden Ten Data on April 24, Japan's Ministry of Economy, Trade and Industry announced that a tanker transporting US crude oil for Cosmo Oil is expected to arrive in the waters near Tokyo as early as Sunday. This marks Japan's first successful securing of such crude oil supplies since the outbreak of the Iran crisis. On Friday, Narumi Hosokawa, Deputy Director of METI’s Emergency Crisis Management Department, revealed that the tanker loaded crude oil in Texas on March 22 and is expected to arrive off the coast of Chiba via the Panama Canal as early as April 26. According to a Cosmo spokesperson, the tanker is carrying 910 thousand barrels of crude oil. The Ministry of Economy, Trade and Industry also stated that Japan will begin releasing about 36 million barrels (5.8 million kiloliters) of crude oil from the national reserve starting May 1, marking the start of the second round of releases. This batch of crude oil is equivalent to about 20 days of consumption, valued at 540 billion yen (3.4 billion US dollars).
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