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Stock Market & Financial Investment News

News Breaks
July 21, 2014
17:47 EDTCS, AFAstoria Financial to sell non-performing residential mortgages to Credit Suisse
Astoria Financial (AF) announced that the bank had entered into an agreement to sell certain non-performing residential mortgage loans, or NPL, to Credit Suisse (CS) for consideration of approximately $186M. The NPL Sale is expected to close on or about July 31, subject to usual and customary closing conditions. In anticipation of the NPL Sale, such non-performing loans were designated as held-for-sale as of June 30 and were written down from their carrying value of approximately $195M to their estimated fair value of $186M. As a result, the company recorded an $8.7M charge-off and a $5.7M loan loss release in Q2.
News For AF;CS From The Last 14 Days
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November 28, 2014
07:38 EDTCSAssured Guaranty settlement with Credit Suisse a positive, says UBS
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November 19, 2014
07:34 EDTCSNYSSA to hold a forum
Fall 2014 ETP Trading & Investing Forum is being held in New York on November 19.
November 18, 2014
06:34 EDTCSDraghi sees positive signs in euro zone, NY Times reports
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