Flagstar Posts $298M Loss, Appoints New Execs

Flagstar Bancorp (FBC: 0.83 0.00%) lost $298.5m, or $0.64 per share, in Q309, compared with losses of $76.6m in Q209 and $62.1m in Q308.For the first nine months of 2009, the Troy, Mich.-based bank lost $442.2m. In an attempt to improve Flagstar?s situation, the bank?s board of directors appointed Salvatore Rinaldi to executive vice president [...]

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