New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 30, 2014
13:44 EDTBAC, FNMA, FMCCBank of America division ordered to pay $1.3B over mortgages, Bloomberg reports
Bank of America's (BAC) Countrywide division has been ordered to pay $1.3B in penalties for defective mortgage loans it sold to Fannie Mae (FNMA) and Freddie Mac (FMCC) during the 2008 financial crisis, Bloomberg reported. The fine is just over half the amount the government had requested, Bloomberg added. Reference Link
News For BAC;FNMA;FMCC From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 29, 2014
07:26 EDTBACSecurities Industry & Financial Markets Association to hold a forum
The SIFMA Complex Products Forum is being held in New York on October 29.
October 28, 2014
06:39 EDTBACSEC undecided on Bank of America business curbs, WSJ reports
An international disagreement within the SEC is threatening potentially lucrative revenue streams at Bank of America, reports the Wall Street Journal. According to people close to the situation, the SEC is deadlocked on whether to allow the bank to continue selling share sin hedge funds and startups to wealthy investors. The deadlock is also over the company's ability to quickly issue stocks and bonds without the speed bump of an SEC review. Reference Link
October 27, 2014
11:07 EDTBACFINRA fines Merrill $6M for Reg SHO violations, supervisory violations
The Financial Industry Regulatory Authority, FINRA, announced that it has censured and fined Merrill Lynch Professional Clearing Corp. $3.5M for violating Regulation SHO, an SEC rule that established a regulatory framework to govern short sales and prevent abusive naked short selling. FINRA also censured and fined its affiliated broker-dealer, Merrill Lynch, Pierce, Fenner & Smith Incorporated, $2.5M for failing to establish, maintain and enforce supervisory systems and procedures related to Regulation SHO and other areas. Reference Link
06:33 EDTBACRoku preparing IPO, NY Times says
Subscribe for More Information
October 24, 2014
18:52 EDTFNMAFannie Mae reaches shareholder lawsuit settlement for $170M, Reuters reports
Fannie Mae has settled a shareholder lawsuit for $170M, Reuters reports. The settlement will pay $123.8M to common stockholders and $46.2M to preferred stockholders between November 8, 2006, and September 5, 2008, Reuters added. The lawsuit accused Fannie Mae of defrauding its shareholders and pumping its stock by issuing false and misleading statements during the 2008 financial crisis. Reference Link
October 23, 2014
06:32 EDTBACGovernment relaxing mortgage regulations, NY Times says
Subscribe for More Information
October 22, 2014
15:19 EDTBACBank of America Apple Pay glitch should be fixed today, Re/code reports
The Apple (AAPL) Pay glitch that some Bank of America (BAC) customers experienced, where they would be charged twice for a single transaction, should be fixed by today, Re/code reports, citing a person familiar with the error. Reference Link
12:53 EDTBACSome BofA customers charged twice by Apple Pay, CNN Money reports
Subscribe for More Information
09:38 EDTBACActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL PBR AMZN C TWTR YHOO BAC GILD FB THRX DOW CAR
October 21, 2014
08:18 EDTBACBasel Committee accelerating work on leverage ratio, FT says
The Basel Committee on Banking Supervision will begin work on the calibration of the leverage ratio, a measure of bank capital seen as less vulnerable to manipulation, sooner than previously planned, which suggests the finished rule could be released as soon as 2015 or 2016, which is ahead of the previous target date of 2017, reported Financial Times, citing comments from the secretary-general of the committee, William Coen. Publicly traded large U.S. banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Publicly traded large EU banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS). Reference Link
October 20, 2014
15:08 EDTFNMA, FMCCHousing regulator reveals plan to ease tight credit, NY Times says
Subscribe for More Information
13:40 EDTFNMAFannie Mae appoints Brian Brooks general counsel
Fannie Mae announced it has appointed Brian P. Brooks as EVP, general counsel, and corporate secretary effective November 10. Brooks joins Fannie Mae from OneWest Bank where he was vice chairman and chief legal officer. Reference Link
October 19, 2014
16:17 EDTFNMA, FMCCFannie Mae, Freddie Mac near deal to loosen lending, WSJ says
Fannie Mae (FNMA), Freddie Mac (FMCC) together with mortgage lenders are near to an arrangement that would lower barriers and lending standards on home buyers with weak credit, says the Wall Street Journal. Reference Link
October 17, 2014
16:55 EDTBACStocks end volatile week lower amid oil price plunge
Subscribe for More Information
12:26 EDTFNMA, FMCCFannie Mae, Freddie Mac close to deal to boost mortgage lending, WSJ reports
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use