Market Wrap: All-Share Index sheds 0.35% as SUNUASSUR tops gainers and HMCALL dominates tradesLabour MP for Cardiff West, Alex Barros-Curtis, said warnings should have been “amber or red”, as Mr Reed told MPs that more flooding is “likely”. Hundreds of homes were left under water, roads were turned into rivers and winds of more than 80mph were recorded across parts of the UK. More than 130 flood warnings and 160 alerts remained in place across the UK on Monday. In the Commons on Monday, Mr Barros-Curtis asked: “Can I ask that the Secretary of State speak to his Department for Science, Innovation and Technology (DSIT) colleagues to carefully look into the role of the Met Office here? “It is clear that their response was slow and that there was a clear underestimation of the impact of Storm Bert. “They put it yellow rather than amber or red. Our constituents have been let down by this incompetence before, and it cannot keep happening.” Mr Reed said: “In most parts of the countries that were affected, warnings were given with adequate time for people to prepare and I would encourage people to sign up on the Defra website, or the Environment Agency website for warnings and alerts if they live in an area that could be affected by flooding. “I’m aware of the particular concern that he mentions regarding the Met Office, and I will indeed be speaking to colleagues in DSIT as they review the circumstances of that and look at how the situation can be improved for future events of this kind.” During his update to the House, the Environment Secretary said that more flooding this week is “likely” but its impact “should be less severe” than has been seen. He said: “Around 28,000 properties are being protected by Environment Agency flood defences. “Unfortunately, an estimated 107 properties have flooded across England, principally from river and surface water flooding.” He added: “The Environment Agency and local responders have also been busy protecting properties elsewhere in England, including flooding from the River Teme in Tenbury Wells where around 40 properties have flooded. “The river has now peaked and local responders will be focusing on the lower reaches of rivers over the next few days.” He further stated: “Further flooding is sadly likely over the next few days as water levels rise in slower flowing rivers such as the Severn and the Ouse. “The Environment Agency anticipates that any impacts should be less severe than we have seen in recent days.” Mr Reed also described the flood defences they inherited from the previous government as being “in the worst condition on record following years of underinvestment”. He added: “Over 3,000 of our key flood defences are below an acceptable standard. “That is why we are investing £2.4 billion over the next two years to build and maintain flood defences.” Elsewhere in the session, Labour MP for Coventry South, Zarah Sultana, was among the MPs to call for a legal duty on fire services to respond to flooding. She said: “I want to express my solidarity and thanks to all of our emergency services, including firefighters on the front line. “Extreme weather events are on the rise and becoming ever more frequent due to climate change, highlighting the urgent need for proper funding and resources. “England is the only part of the UK without a statutory duty for flooding, leaving fire services underfunded and under-resourced to respond effectively. This must change, as the FBU (Fire Brigades Union) has long called for.” “When will the Government finally provide a statutory duty for Fire and Rescue authorities to respond to flooding incidents in England?” Mr Reed replied: “The fire and rescue authorities have the powers to intervene, but she’s quite right to point out there’s not a duty, and officials in my department, working with the Home Office, will review that to see that that remains appropriate.” Conservative MP for Mid Buckinghamshire Greg Smith said some communities in his constituency are flooding “for the first time in decades” as he accused the Government of wanting to “concrete over the countryside”. He said: “That is a result of some of the big infrastructure we are seeing being built, particularly HS2 where they will concrete over a field completely, it seems, unaware that that will have a knock-on effect to farmland next door. “So will the Secretary of State commit to working with the Transport Secretary (Louise Haigh) and I also suggest the Deputy Prime Minister (Angela Rayner) given their plans to concrete over the countryside to ensure that where construction takes place proper, and I really mean proper, flood mitigation measures are put into place.” Mr Reed replied: “This needs to operate across Government, and we will have those conversations and ensure that measures are put in place to support communities as much as is possible from the more severe weather events that we’re seeing as a result of climate change.”Eleven-time Olympic medalist Simone Biles is one of the most recognizable athletes in the world. The 27-year-old gymnast is fresh off a dominating run at the 2024 Paris Olympics, where she won gold in team, all-around and vault, and silver in the floor exercise, plus her near-two-month Gold Over America Tour, which traveled the country putting on a “pop concert-style spectacle” that combined gymnastics and dance while showcasing several Olympians and notable gymnasts. And when Biles is featured on television, it’s usually a ratings draw. So when she was recently named a guest advisor for Snoop Dogg’s team on “The Voice,” many assumed it was because the show was trying to pull in viewers. Once an official announcement was made, many fans were left scratching their head as to why, taking to social media voice their confusion. View the original article to see embedded media. “This makes absolutely 0 sense. I feel bad for the contestants on his team tbh,” one fan wrote. “She’s amazing but no offense but she’s not a singer and can’t help them in the ways that they need it,” another added “That’s a NO FOR ME, GIRL STAY IN YOUR LANE,” one user stated. “Huh, I thought it was called the voice. Simone has no singing experience to bring to the table. This makes zero sense,” another user remarked. “Does she have music experience that I somehow don’t know about?” one fan asked. “I like her but why?” another fan quipped. Daniel Bartel-Imagn Images “I love seeing her on TV but I’m confused lol” another chimed in. “Can she sing? Or I’m missing something?” questioned another fan. While many may not understand the decision to bring Biles in to mentor a group of singers, Snoop Dogg said it actually makes quite a bit of sense if you look past the surface. “We have such diverse careers, but the things that we dealt with, they’re dealing with now,” he said, via the Associated Press . “We have the best experience and knowledge to give to these performers — she’s a performer, I’m a performer, we’ve performed under extreme conditions. We always do our best. But sometimes things happen behind closed doors that you don’t know about. So, we’re able to speak to those things and give them real reassurance.”
49ers QB Brock Purdy resumes throwing but status for this week remains unknownThe Commission on Elections (Comelec) has exempted 48 infrastructure projects of the Public-Private Partnership (PPP) Center from the ban on public works during next year’s election period. Comelec Chair George Erwin Garcia told reporters via Viber on Friday that the certificate of exception to the PPP Center was issued Dec. 11. The PPC Center, an attached agency of the National Economic Development Authority, is mandated to facilitate the implementation of the country’s PPP programs and projects. Among the PPP projects exempted were the construction of the Philippine General Hospital Cancer Center, rehabilitation of the Manila Central Post Office, Metro Rail Transit 3 operation and maintenance, the Edsa Busway Project, Metro Manila Subway Project, North-South Commuter Railway PPP, Cebu Bus Rapid Transit, Manila Bay-Pasig River-Laguna Lake ferry, Boracay Bridge, the National Single Window integrated facilitation program, and the expansion, upgrading and operations of the Iloilo and Kalibo airports. The exemption was necessary because the Omnibus Election Code (Batas Pambansa Bilang 881) bans the release, disbursement or expenditure and the construction and delivery of materials for public works starting March 28, 2025, or 45 days before Election Day. Exempted from the prohibition are PPP and build-operate-transfer (BOT) projects. However, agency heads must submit to the commission, among other requirements, a certified list of the PPP and BOT public works projects sought to be exempted, particularly those that will start before March 28, and those undertaken by contract through public bidding held, or by negotiated contract awarded before March 28. The Comelec’s Political Finance and Affairs Department receives requests for exception, evaluates and makes recommendations on compliant submissions to the Comelec chair for his approval. INQ Subscribe to our daily newsletter By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy .
Trump wants to turn the clock on daylight saving time
A Black Friday Deal for Your PortfolioHICKSVILLE, 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.Sherwin-Williams SVP sells $2.05 million in stock at $398.06 per share
Amanda Owen has confessed there is “no romance” in her relationship with ex-husband Clive Owen – despite their close bond as they co-parent their nine children. Amanda and Clive announced their separation in June 2022 after 22 years of marriage. But in a shock move, the pair teamed up again in 2024 for a new programme on More4 – Our Farm Next Door . Amanda and Clive are filmed renovating a derelict farmhouse in the Yorkshire Dales together. But in a new interview with The Times , Our Yorkshire Farm star Amanda was candid about their relationship off-screen. She explained: “We’re just getting on with it. We bicker. We argue. There’s no romance. But we’re all right with each other, and that’s a blessing. “If you’ve gone through a separation, there’s a reason you separated. And it’s usually because you’re not getting on. Who wants that? We’re here and we’ve got a joint mission. It’s about securing the future of the farm, the children.” Amanda explained that their kids run between their family home at Ravenseat farm and the holiday rental next door, which isn’t currently being rented out. She admitted: “[Clive] is not very separated.” In one episode of the series, she admitted: “I do his head in, he does my head in. But we’re both basically on the same side.” In 2022, Amanda publicly announced their decision to split, writing on her social media: “This hasn't been easy, but we both believe it's the right choice for the future of our family. "Although we are no longer a couple, we continue to work on the farm and co-parent together, with our number one priority the happiness and well-being of our children." She insisted to MailOnline: “There was nobody involved in the break-up with Clive and I don’t understand why this is being suggested. I'm just getting on with my life as an independent woman, looking after the kids and my sheep." Clive, meanwhile, confessed: “If I’m honest about it, I didn’t want to accept that I was no longer the breadwinner for our family. It was especially hard knowing that Amanda, who is a very beautiful woman, would be going out all dressed up to launches and events and meeting other people."
SIR Rod Stewart earns his stripes after sticking up for wife Penny over her Gregg Wallace run-in — and enjoys a night out as a reward. The 79-year-old singer and Penny, 53, partied at Annabel’s private members club in Mayfair, central London, on Friday night. 2 MasterChef co-host Gregg stepped down from his role following an abuse scandal across numerous shows Credit: Getty It came after MasterChef co-host Wallace, 60, stepped down from his role. We told on Friday how Rod had called him a “tubby, bald-headed, ill-mannered bully” for “humiliating” Penny on the celeb show in 2021. Earlier this week, Rod slammed Gregg as a 'bully' in an online post. Gregg was first accused of making "inappropriate sexual comments" to a female BBC staffer on Impossible Celebrities. READ MORE ON GREGG WALLACE GREGG PROBE LATEST Major update on Gregg Wallace probe as string of new allegations emerge ON AIR HORROR Gregg Wallace yelled 'you stupid cow' after groping me on MasterChef set Some 13 people who worked with Gregg across a range of shows over a 17-year period have now accused him of making sexual comments, the BBC confirmed today. The Baby Jane hitmaker took to social media on Thursday to hit out at Gregg for his treatment towards his wife Penny. Former Loose Women panellist Penny appeared on BBC Celebrity MasterChef back in 2021. Rod shared a scathing post, claiming: "So Gregg Wallace gets fired from MasterChef. Good riddance Wallace. Most read in News TV BIG BREAK ‘Women would be safer if men were under curfew,’ actor on new house arrest show TELLY CLAIM MasterChef's Gregg Wallace steps aside as star accuses him of 'sexualised' joke TOP TELLY BBC Scotland's Christmas schedule revealed - including Sir Alex Ferguson doc BALLSED UP Lorraine apologises on air for using phrase she 'didn't know' was a swear word "You humiliated my wife when she was on the show, buy you had that but cut out didn't you? "You're a tubby, bald-headed, ill-mannered bully. "Karma got ya." 2 Sir Rod Stewart enjoyed a night out with Penny Lancaster after the singer blasted 'bully' Gregg Wallace for 'humiliating' her Credit: BackGrid Watch creepy moment MasterChef’s Gregg Wallace tells ‘distressed’ Strictly star ‘I don’t wear underwear’ and grabs his crotchMarket Whales and Their Recent Bets on DKNG Options