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Stock Market & Financial Investment News

News Breaks
March 24, 2014
06:03 EDTCS, FNMA, 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
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October 1, 2014
11:46 EDTFNMA, FMCCDavid Tepper says economy good, stock market not at high multiple currently
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09:20 EDTFMCC, FNMAOn The Fly: Pre-market Movers
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07:08 EDTFNMA, FMCCCases linked to Fannie, Freddie profits rejected by judge, Reuters says
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September 30, 2014
07:30 EDTCSSachs Associates to hold a conference
14th Annual Biotech in Europe Forum for Global Partnering and Investment to be held in Basel, Switzerland on September 30-October 1.
September 29, 2014
07:26 EDTCSInforma Business Information to hold a conference
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September 26, 2014
14:29 EDTCSAlibaba awards IPO banks $50M in incentive fees, Bloomberg says
According to people with knowledge of the matter, Alibaba (BABA) gave Credit Suisse (CS) and Morgan Stanley (MS) approximately half of the incentive fees that were awarded to the six banks responsible for overseeing its IPO, Bloomberg reports. Reference Link
September 24, 2014
15:04 EDTCSGoldman, other banks near deal to buy Bloomberg messaging alternative, WSJ says
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14:47 EDTFNMAFannie Mae COO Edwards to leave company in 1H15
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September 18, 2014
07:52 EDTCSUBS Chair says litigation bigger worry than stress test, Bloomberg reports
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06:39 EDTCSEuropean banks take out EUR83B of loans from central bank, NY Times says
European banks agreed to take out EUR83B in low interest loans from the European Central Bank, as part of a program in which all of the funds must be loaned to businesses or individuals, or repaid to the central bank within two years, according to The New York Times. Several analysts had said that they would be disappointed if banks took out less than EUR100B in loans, but a number of analysts said that a second round of the program, due to occur in December after stress tests have been completed, may be more popular, the newspaper stated. Publicly traded European 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

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