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Stock Market & Financial Investment News

News Breaks
April 11, 2014
07:47 EDTDB, FMCCDeutsche 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 30, 2014
13:44 EDTFMCCBank 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
July 29, 2014
14:18 EDTDBNY regulator seeks monitors in Deutsche Bank, Barclays, WSJ says
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05:33 EDTDBDeutsche Bank reports Q2 net income EU 238M vs. EU 335M last year
Reports Q2 revenue EU 7.89B vs. EU 8.22B last year. Reports Common Equity Tier 1 ratio of 11.5% on a fully loaded Capital. Deutsche said its provision for credit losses declined 47% in Q2 to EU 250M compared to last year.
July 28, 2014
07:44 EDTDBInvestors looking for signs of Deutsche leveraging synergies, WSJ says
When Deutsche Bank reports its second quarter results Tuesday, investors will be looking for progress on the bank's stated goal of getting its investment bank and wealth-management business to work more to each other's benefit, said The Wall Street Journal. Reference Link
July 27, 2014
16:14 EDTFMCCGoldman close to settling FHFA suit on faulty mortgage claims, Bloomberg says
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10:45 EDTFMCCFannie, Freddie prefered, common holders could still be wiped out, Barron's says
Fannie Mae (FNMA) and Freddie Mac's (FMCC) preferred and common shareholders could still get wiped out despite recent gains, Barron's argues in a follow up article. Reference Link
July 25, 2014
17:05 EDTDBHSBC, Deutsche Bank sued over manipulation of silver prices, Reuters reports
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06:40 EDTDBLoan write down standards changed for non-U.S. banks, NY Times says
A new accounting rule will enable banks outside of the U.S. to write down the value of loans earlier but could cause loans to become less attractive for those banks, according to The New York Times. The rule was issued by the International Accounting Standards Board, whose guidelines are followed in more than 100 countries but not in America, 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
July 24, 2014
08:25 EDTDBDeutsche ability to pass U.S. stress tests questioned after warning, FT says
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08:20 EDTDBDeutsche Bank CFO faces internal criticism over reporting, WSJ says
U.S. authorities have expressed serious concerns about Deutsche Bank's financial data, it has recently come to light, but the bank's CFO Stefan Krause has also faced criticism from within the organization about the issues, say people familiar with the discussions, reported The Wall Street Journal. Reference Link
July 22, 2014
15:32 EDTDBNY Fed said Deutsche Bank U.S. unit reports 'inaccurate, unreliable,' WSJ says
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07:31 EDTDBSenate Homeland Security & Government Affairs Committee to hold a hearing
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