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Stock Market & Financial Investment News

News Breaks
April 11, 2014
07:47 EDTFMCC, DBDeutsche granted dismissal of FHFA suit, Reuters says
Deutsche Bank (DB) was granted dismissal of a lawsuit against the Federal Housing Finance Agency which looked to have the bank cover Freddie Mac's (FMCC) losses on defective mortgage securities bought from a more than $1.4B trust, reported Reuters. Reference Link
News For DB;FMCC From The Last 14 Days
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July 17, 2015
14:00 EDTDBEarnings Watch: Morgan Stanley rounds out quarterly results for financial firms
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12:37 EDTFMCCFreddie Mac to expand risk-sharing efforts, Bloomberg reports
Freddie Mac (FMCC) plans to expand its risk-sharing efforts designed to protect taxpayers and potentially prepare the U.S. home loan market for its future, Bloomberg reports, citing a person familiar with the matter. In a planned $300M offering of mortgage-backed securities managed by Credit Suisse (CS), the government-backed company is set to sell $22.5M of junior ranking bonds without guarantees, the report says. Freddie Mac intends to hold a call for investors next week to discuss the transaction, the report adds. Reference Link
06:36 EDTDBBaFin accuses Deutsche Bank execs of Libor negligence, WSJ reports
German regulators have accused several Deutsche Bank executives of failing to halt or notify regulators about years of attempted market manipulation, the Wall Street Journal reports, according to a confidential report. BaFin, Germany's financial watchdog, sent the report to Deutsche Bank's board on May 11, less than a month before the bank announced that its co-CEOs Anshu Jain and Jurgen Fitschen intended to resign, the report says. Jain was singled out particularly int he letter for allegedly providing inadequate leadership and failing to stop manipulation of the London interbank offered rate, or Libor, and other benchmarks, the report says. Four other Deutsche bank board members and two other senior executives were also harshly criticized by BaFin in the report for negligence and selective disclosures, the Wall Street Journal says. Reference Link
July 16, 2015
07:19 EDTFMCCBipartisan Policy Center to hold a discussion on housing finance reform
With the seventh anniversary of government conservatorships of Freddie Mac and Fannie Mae approaching, Representatives Neugebauer and Delaney discuss the prospects for housing finance reform during the remainder of this session of Congress in a discussion being held in Washington, D.C. on July 16 at 1:30 pm. Webcast Link
05:46 EDTDBFCA in early stages of investigation into Deutsche Bank, Financial Times reports
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July 15, 2015
08:46 EDTFMCCAckman calls Fannie, Freddie 'most interesting' stocks Pershing owns
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08:35 EDTDBCNBC to hold a conference
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