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HICKSVILLE, N.Y. , Dec. 13, 2024 /PRNewswire/ -- Flagstar Financial, Inc. (NYSE: FLG) (the "Company") today announced the appointment of Brian Callanan , Senior Managing Director and General Counsel at Liberty Strategic Capital ("Liberty"), to its Board of Directors, effective December 16, 2024 . Commenting on the appointment, Joseph M. Otting , Chairman, President, and CEO said, "I'm pleased to have Brian join our Board. His proven track record and expertise in financial services, along with his strategic insights will be instrumental as we continue to execute on our transformation and long-term vision. Brian's perspectives will provide valuable guidance, and his leadership will play a critical role in driving sustainable growth, ensuring we achieve long-term success and maximize the value we deliver to our shareholders, employees, and clients." Callanan is a distinguished lawyer with extensive experience in financial regulation, regulatory compliance, and financial technology. At Liberty, Callanan leads the firm's legal function, serves on its Investment Committee, and focuses on financial sector investments. Prior to joining Liberty, he served as General Counsel of the U.S. Department of the Treasury, overseeing 2,000 lawyers across the department. As Chief General Counsel, he played a key role in major initiatives such as economic rescue programs during COVID-19, the design of new economic sanctions, and the implementation of tax reform. While serving as Deputy General Counsel, Callanan managed major litigation and advised on regulatory reform efforts, among other responsibilities. For his service, he received the Alexander Hamilton Award, the department's highest honor. This appointment aligns with the $1.05 billion equity investment in March 2024 , which stipulated that two Board seats would be granted to lead investor Liberty Strategic Capital. With Callanan's addition, the Company's Board of Directors, which was reconstituted earlier in 2024, expands to nine members, including Chairman, President, and Chief Executive Officer, Joseph M. Otting , Milton Berlinski , Alessandro P. DiNello , Alan Frank , Marshall Lux , Lead Independent Director Secretary Steven T. Mnuchin , Allen Puwalski , and Jennifer Whip. About Flagstar Financial, Inc. Flagstar Financial, Inc. is the parent company of Flagstar Bank, N.A., one of the largest regional banks in the country. The Company is headquartered in Hicksville, New York . At September 30, 2024, the Company had $114.4 billion of assets, $73.0 billion of loans, deposits of $83 .0 billion, and total stockholders' equity of $8 .6 billion. Flagstar Bank, N.A. operates over 400 branches, including a significant presence in the Northeast and Midwest and locations in high growth markets in the Southeast and West Coast. In addition, the Bank has approximately 80 private banking teams located in over 10 cities in the metropolitan New York City region and on the West Coast, which serve the needs of high-net worth individuals and their businesses. Cautionary Statements Regarding Forward-Looking Statements This release may include forward‐looking statements by the Company and our authorized officers pertaining to such matters as our goals, beliefs, intentions, and expectations regarding (a) revenues, earnings, loan production, asset quality, liquidity position, capital levels, risk analysis, divestitures, acquisitions, and other material transactions, among other matters; (b) the future costs and benefits of the actions we may take; (c) our assessments of credit risk and probable losses on loans and associated allowances and reserves; (d) our assessments of interest rate and other market risks; (e) our ability to execute on our strategic plan, including the sufficiency of our internal resources, procedures and systems; (f) our ability to attract, incentivize, and retain key personnel and the roles of key personnel; (g) our ability to achieve our financial and other strategic goals, including those related to our merger with Flagstar Bancorp, Inc., which was completed on December 1, 2022, our acquisition of substantial portions of the former Signature Bank through an FDIC-assisted transaction, and our ability to fully and timely implement the risk management programs institutions greater than $100 billion in assets must maintain; (h) the effect on our capital ratios of the approval of certain proposals approved by our shareholders during our 2024 annual meeting of shareholders; (i) the conversion or exchange of shares of the Company's preferred stock; (j) the payment of dividends on shares of the Company's capital stock, including adjustments to the amount of dividends payable on shares of the Company's preferred stock; (k) the availability of equity and dilution of existing equity holders associated with amendments to the 2020 Omnibus Incentive Plan; (l) the effects of the reverse stock split; and (m) transactions relating to the sale of our mortgage business and mortgage warehouse business. Forward‐looking statements are typically identified by such words as "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "should," "confident," and other similar words and expressions, and are subject to numerous assumptions, risks, and uncertainties, which change over time. Additionally, forward‐looking statements speak only as of the date they are made; the Company does not assume any duty, and does not undertake, to update our forward‐looking statements. Furthermore, because forward‐looking statements are subject to assumptions and uncertainties, actual results or future events could differ, possibly materially, from those anticipated in our statements, and our future performance could differ materially from our historical results. Our forward‐looking statements are subject to, among others, the following principal risks and uncertainties: general economic conditions and trends, either nationally or locally; conditions in the securities, credit and financial markets; changes in interest rates; changes in deposit flows, and in the demand for deposit, loan, and investment products and other financial services; changes in real estate values; changes in the quality or composition of our loan or investment portfolios, including associated allowances and reserves; changes in future allowance for credit losses, including changes required under relevant accounting and regulatory requirements; the ability to pay future dividends; changes in our capital management and balance sheet strategies and our ability to successfully implement such strategies; recent turnover in our Board of Directors and our executive management team; changes in our strategic plan, including changes in our internal resources, procedures and systems, and our ability to successfully implement such plan; changes in competitive pressures among financial institutions or from non‐financial institutions; changes in legislation, regulations, and policies; the imposition of restrictions on our operations by bank regulators; the outcome of pending or threatened litigation, or of investigations or any other matters before regulatory agencies, whether currently existing or commencing in the future; the success of our blockchain and fintech activities, investments and strategic partnerships; the restructuring of our mortgage business; our ability to recognize anticipated expense reductions and enhanced efficiencies with respect to our recently announced strategic workforce reduction; the impact of failures or disruptions in or breaches of the Company's operational or security systems, data or infrastructure, or those of third parties, including as a result of cyberattacks or campaigns; the impact of natural disasters, extreme weather events, military conflict (including the Russia / Ukraine conflict, the conflict in Israel and surrounding areas, the possible expansion of such conflicts and potential geopolitical consequences), terrorism or other geopolitical events; and a variety of other matters which, by their nature, are subject to significant uncertainties and/or are beyond our control. Our forward-looking statements are also subject to the following principal risks and uncertainties with respect to our merger with Flagstar Bancorp, which was completed on December 1, 2022 , and our acquisition of substantial portions of the former Signature Bank through an FDIC-assisted transaction: the possibility that the anticipated benefits of the transactions will not be realized when expected or at all; the possibility of increased legal and compliance costs, including with respect to any litigation or regulatory actions related to the business practices of acquired companies or the combined business; diversion of management's attention from ongoing business operations and opportunities; the possibility that the Company may be unable to achieve expected synergies and operating efficiencies in or as a result of the transactions within the expected timeframes or at all; and revenues following the transactions may be lower than expected. Additionally, there can be no assurance that the Community Benefits Agreement entered into with NCRC, which was contingent upon the closing of the Company's merger with Flagstar Bancorp, Inc., will achieve the results or outcome originally expected or anticipated by us as a result of changes to our business strategy, performance of the U.S. economy, or changes to the laws and regulations affecting us, our customers, communities we serve, and the U.S. economy (including, but not limited to, tax laws and regulations). More information regarding some of these factors is provided in the Risk Factors section of our Annual Report on Form 10‐K/A for the year ended December 31, 2023, Quarterly Report on Forms 10-Q for the quarters ended March 31, 2024 , June 30, 2024 , and September 30, 2024 , and in other SEC reports we file. Our forward‐looking statements may also be subject to other risks and uncertainties, including those we may discuss in this news release, on our conference call, during investor presentations, or in our SEC filings, which are accessible on our website and at the SEC's website, www.sec.gov . Investor Contact: Salvatore J. DiMartino (516) 683-4286 Media Contact: Nicole Yelland (248) 219-9234 View original content to download multimedia: https://www.prnewswire.com/news-releases/flagstar-financial-inc-appoints-brian-callanan-to-board-of-directors-302331692.html SOURCE Flagstar Financial, Inc.WEST PALM BEACH, Fla. (AP) — President-elect Donald Trump said Wednesday that he has chosen Keith Kellogg, a highly decorated retired three-star general, to serve as his special envoy for Ukraine and Russia. Kellogg, who is one of the architects of a staunchly conservative policy book that lays out an “America First” national security agenda for the incoming administration, will come into the role as Russia’s invasion of Ukraine enters its third year in February. Trump, making the announcement on his Truth Social account, said, “He was with me right from the beginning! Together, we will secure PEACE THROUGH STRENGTH, and Make America, and the World, SAFE AGAIN!” Kellogg, an 80-year-old retired Army lieutenant general who has long been Trump’s top adviser on defense issues, served as national security adviser to Vice President Mike Pence , was chief of staff of the National Security Council and then stepped in as an acting security adviser for Trump after Michael Flynn resigned. As special envoy for Ukraine and Russia, Kellogg will have to navigate an increasingly untenable war between the two nations. The Biden administration has begun urging Ukraine to quickly increase the size of its military by drafting more troops and revamping its mobilization laws to allow for the conscription of those as young as 18. The White House has pushed more than $56 billion in security assistance to Ukraine since the start of Russia’s February 2022 invasion and expects to send billions more before Biden leaves office in less than two months. The U.S. has recently stepped up weapons shipments and has forgiven billions in loans provided to Kyiv. Trump has criticized the billions the Biden administration has spent in supporting Ukraine and has said he could end the war in 24 hours, comments that appear to suggest he would press Ukraine to surrender territory that Russia now occupies. As a co-chairman of the American First Policy Institute’s Center for American Security, Kellogg wrote several of the chapters in the group’s policy book. The book, like the Heritage Foundation’s “Project 2025,” is designed to lay out a Trump national security agenda and avoid the mistakes of 2016 when he entered the White House largely unprepared. Kellogg in April wrote that “bringing the Russia-Ukraine war to a close will require strong, America First leadership to deliver a peace deal and immediately end the hostilities between the two warring parties.” Trump's proposed national security adviser , U.S. Rep. Michael Waltz of Florida, tweeted Wednesday that “Keith has dedicated his life to defending our great country and is committed to bringing the war in Ukraine to a peaceful resolution.” Kellogg featured in multiple Trump investigations dating to his first term. He was among the administration officials who listened in on the July 2019 call between Trump and Volodymyr Zelenskyy in which Trump prodded his Ukrainian counterpart to pursue investigations into the Bidens. The call, which Kellogg would later say did not raise any concerns on his end, was at the center of the first of two House impeachment cases against Trump, who was acquitted by the Senate both times. On Jan. 6, 2021, hours before pro-Trump rioters stormed the U.S. Capitol, Kellogg, who was then Pence’s national security adviser, listened in on a heated call in which Trump told his vice president to object or delay the certification in Congress of President Joe Biden ’s victory. He later told House investigators that he recalled Trump saying to Pence words to the effect of: “You’re not tough enough to make the call.” Baldor reported from Washington. AP writer Eric Tucker in Washington contributed to this report. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. Get local news delivered to your inbox!Canadian precious metal stocks are experiencing a powerful bull market phase thanks to an equally strong bullish trend in gold prices. However, the trend hasn’t remained limited to gold stocks; many are riding the momentum as well. A few other metal stocks, even though they are unrelated to this market, have also experienced a powerful upward surge. Collectively, there are three metal stocks that you should consider looking into, considering their powerful bullish momentum. They may help you achieve decent gains, even if you work with a modest amount of capital. A gold stock Let’s start with the gold stocks since gold prices are still surging. While many giants in this segment have seen serious gains, smaller players like ( ) are surging even more robustly. With a market capitalization of just $533 million, this little stock has risen about 197% in 2024 alone. It can easily double its capital in the next six months if it manages to sustain this pace. This Toronto-based company operates primarily in Guyana and has two different projects in the country. The projects are still in exploratory stages, but the results look quite promising. It recently secured exploration rights on a 30,000-acre parcel from a local entity. Both of the company’s projects are on very promising parcels of land, and the prospects of high-grade gold discovery are one of the factors fueling the stock’s surge. A silver stock ( ) is headquartered in Vancouver. The company focuses on the extraction of high-grade silver from relatively stable regions. Its current production-grade mine, the Cerro Los Gatos Mine, is in Mexico. The company is both operating and exploring in the heart of the country’s silver belt. Silver prices are also experiencing an upward surge, and the trend stretches back to 2023, though it’s not very linear. As a result, the stock has also been bullish for over a year and has grown by about 183% in 2024 alone. It experienced a minor slump recently but has really picked up the pace in the last two weeks. The stock is overvalued right now, but that’s not too big a price to pay for the kind of growth it’s offering. However, it would be wise to keep an eye on silver prices to identify when the stock’s bullish trend might end. An antimony stock Antimony is not a precious metal, but its demand is rising because of its use in electronics and potential use in solar panels and new battery technologies. This has brought companies like ( ) into the limelight. This Idaho-based company is working to revive an old Stibnite Gold Project because once it is up and running, it may be able to meet about 35% of the U.S.’s antimony demand (in the first six years). The nature of this project (revival instead of new mining operations) and the fact that it’s directly tied to renewable power make it an interesting buy from an perspective. More importantly, it’s a rapidly growing stock that has risen over 315% this year alone, and this kind of momentum can help you double your capital in less than four months (if it’s sustained). Foolish takeaway The three metal stocks are worth considering, regardless of the amount of capital you are working with. All three companies can double your capital in less than a year if they sustain their current growth pace. And if they manage to keep it up for more than a year, the returns can be reasonably enormous.
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A few days after won the United States election, I was at the UN climate COP in Azerbaijan where I ran into the head of a think-tank who said something unexpected. He told me his U.S. team had adopted the same communications guidelines the group , where independent research groups tread carefully to avoid rattling Beijing’s authoritarian regime. His U.S. staff had to ensure all public comments were politically neutral, and avoid any moves that could be construed as overt attacks on the administration. His words were a reminder of how fast climate politics have shifted in the U.S., where Trump is expected to gut a string of Biden era environmental achievements. But the Azerbaijan COP also highlighted this: the U.S. may not be alone. Elections are due or possible in at least four other sizeable economies where relatively green governing parties face rivals that want to rein in, water down or reverse climate action. Consider Canada, where an election is due by October and polls show trailing far behind Pierre Poilievre’s Conservatives. Trudeau has launched a series of climate measures since he was first elected in 2015, including a 2019 system to put a rising price on carbon that has been hailed as a progressive green policy poster child and a top driver of projected emission cuts. Poilievre’s repeated calls to “axe the tax” are central to his push for a “ ” over a scheme he claims is pushing up the price of household necessities in a cost of living crisis — even though it’s designed to be revenue neutral for the federal government. That “axe the tax” campaign mantra will sound familiar to voters in another big fossil fuel producer, Australia, where an election is due by May. Former prime minister, Tony Abbott, used the same slogan as he led the country’s conservative Liberal-National party coalition to power in 2013. The previous Labor government’s carbon pricing scheme was duly killed off and the current Labor prime minister, Anthony Albanese, has launched a series of different climate policies since winning office in 2022, including reforms to a scheme to limit emissions from big industrial sites. He too faces rivals targeting the cost of energy in what could be a tight election. Opposition leader Peter Dutton is attacking the extent of Labor’s support for renewables and wants to build seven nuclear reactors — a tall order for a nation with a ban on nuclear power. Critics call the plan a fig leaf to prolong the life of fossil fuel generation, since nuclear plants take so much time and money to build. Either way, the is featuring in other contests. As Germany’s voters prepare for a February snap election, polls show the favourite to replace centre-left Chancellor Olaf Scholz, under whom renewable power has boomed, is Christian Democratic Union leader, Friedrich Merz. Merz recently said he viewed wind power as a transitional technology and suggested turbines were unattractive. Some of his allies want to revive nuclear power. But all mainstream parties are focused on energy costs, especially since support for the far-right Alternative for Germany surged after it targeted Scholz’s troubled efforts to enact a home heating law last year. The AfD, long a critic of climate action, is now polling second after Merz’s conservative alliance. The rise of rightwing populists is also complicating climate efforts in France, where President Emmanuel Macron has just appointed his second prime minister in three months in a year of political turbulence marked by snap elections that left the National Assembly deadlocked. That deadlock has led to speculation that fresh assembly elections could be held next year, a worrying prospect for climate policy advocates already concerned about the influence of the far-right Rassemblement National, the Assembly’s largest party. While the RN has supported the 2015 Paris climate agreement, it has also opposed green transport and energy measures that would help meet the agreement’s goals, and rejected what its leaders call “punitive ecology” and costly green “degrowth” thinking. The situation is not all gloom. Global surveys keep showing that voters want more climate action and national governments are not everything. Solar, wind, electric cars and grid battery storage soared again this year, not least in big territories and states. But 2025 will still test the pace of a green transition race in which, as U.S. climate campaigner Bill McKibben once put it, winning slowly is the same as losing.Wallace and Gromit: Vengeance Most Fowl review – Chuckles rather than belly laughs from AardmanAP Sports SummaryBrief at 5:47 p.m. EST
Rodgers says he'll enjoy the rest of the Jets' season and 'let the future take care of itself'