As Flagstar Bank’s supervisory agreement with the Federal Reserve was lifted, so too was the last remnant of the company’s tumultuous past that had weighed on its business operations and the minds of its leaders.
Flagstar Bank CEO Alessandro DiNello told Dodd Frank Update his company’s strategic objectives have not changed with the agreement’s demise but the added flexibility definitely is nice to have in case opportunity knocks. He also noted that, in retrospect, the regulatory orders Flagstar was forced to adhere to may have been a blessing in disguise.
Find out what details he offered about why he views being subject to regulatory orders was the best thing that could have happened to the company.