New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 24, 2014
06:03 EDTFNMA, CS, FMCCCredit Suisse in $885M settlement with FHFA
The Federal Housing Finance Agency, as conservator of Fannie Mae (FNMA) and Freddie Mac (FMCC), on Friday announced it reached a settlement with Credit Suisse (CS), related companies and specifically named individuals for $885M. The settlement resolves all claims in the lawsuit FHFA v. Credit Suisse, et al. as well as all claims against the Credit Suisse defendant in FHFA v. Ally Financial Inc., et al. alleging violations of federal and state securities laws in connection with private-label mortgage-backed securities purchased by Fannie Mae and Freddie Mac during 2005-2007. Under the terms of the agreement, Credit Suisse will pay approximately $234M to Fannie Mae and approximately $651M to Freddie Mac and certain claims against Credit Suisse related to the securities involved will be released. This is the ninth settlement FHFA has announced in relation to the 18 PLS lawsuits the agency filed in 2011.
News For CS;FNMA;FMCC From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
February 27, 2015
08:01 EDTCSWells Fargo fires Ocwen as bond overseer, hires Credit Suisse, Bloomberg says
Wells Fargo (WFC) has issued notices to Ocwen (OCN) terminating it as overseer of debt backing for two bond deals, reports Bloomberg, citing letters sent from Wells Fargo to bondholders. Wells Fargo stated in notices sent to bondholders that a majority of investors felt the move was correct. Wells Fargo plans to transfer responsibility to Credit Suisse (CS). Reference Link
February 26, 2015
10:00 EDTCSOn The Fly: Analyst Initiation Summary
Subscribe for More Information
05:32 EDTCSCredit Suisse initiated with an Underperform at Exane BNP Paribas
Subscribe for More Information
February 24, 2015
13:07 EDTCSEU official: Euro banks shouldn't also go through Fed's stress test, WSJ says
Jonathan Hill, the European Unionís new financial markets chief, told The Wall Street Journal that he does not see a need for the U.S. to give stress tests to European banks that have already received health checks in Europe. Hill says banks across Europe are "properly and sensibly capitalized." The WSJ reported last week that the U.S. units of two European banks, Deutsche Bank (DB) and Banco Santander (SAN), are set to fail the Federal Reserve's stress tests, though they passed ECB stress tests last year. Reference Link
07:21 EDTCSSecurities Industry & Financial Markets Association to hold a conference
Subscribe for More Information
07:12 EDTFMCC, FNMAWells Fargo to hold a conference
Subscribe for More Information
06:15 EDTCSBanks probed for possible rigging of precious metals markets, WSJ reports
Officials in the U.S. are investigating at least 10 major banks for potential rigging of precious-metals markets, sources tell The Wall Street Journal. The DOJ's antitrust unit are investigating the price-setting process for gold, silver, palladium and platinum in London, while the CFTC has begun a civil investigation, with both agencies making requests for information, including a subpoena to HSBC (HSBC) from the CFTC. According to a source, Credit Suisse (CS), JP Morgan (JPM), UBS (UBS), Societe Generale (SCGLY), Bank of Nova Scotia (BNS), Barclays (BCS), Goldman Sachs (GS) and Deutsche Bank (DB) are also under investigation. Reference Link
February 20, 2015
10:20 EDTCSHigh option volume stocks
Subscribe for More Information
07:33 EDTFNMAFannie Mae reports Q4 net income $1.3B vs. $3.9B last quarter
Subscribe for More Information
February 19, 2015
14:21 EDTCSS&P reportedly says Greece contagion not a major risk, Reuters reports
The risk of contagion spreading from Greece to other European countries is not that large, a German newspaper quoted S&P's chief sovereign ratings officer as saying, according to Reuters. The euro zone would be able to handle an exit of the bloc by Greece, the ratings officer was quoted as saying, Reuters reported. Publicly traded European banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Reference Link
08:19 EDTFMCCFreddie Mac reports Q4 net income $200M vs. $2.1B last quarter
Subscribe for More Information
06:04 EDTCSFCA to investigate investment and corporate banking
Subscribe for More Information
February 15, 2015
16:36 EDTCSCredit Suisse could rise over 20%, Barron's says
Credit Suisse shares continue to look cheap and shares could see a 20% upside and a 3.3% dividend this year, Barron's contends in a feature article. Reference Link

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