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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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January 29, 2015
05:49 EDTDBDeutsche Bank reports Q4 net income EUR 441M vs. EUR (1.8B) last year
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January 28, 2015
16:56 EDTDBFederal judge says FOREX manipulation case to proceed, Reuters reports
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14:00 EDTFMCCU.S. denied motion to stay Fannie Mae, Freddie Mac suits, WSJ reports
A judge in a federal claims court denied the U.S. government’s motion to stay proceedings in lawsuits brought by a group of Wall Street investors over the treatment of Fannie Mae (FNMA) and Freddie Mac (FMCC), according to The Wall Street Journal, citing two people familiar with the decision. The U.S. asked that those suits be put on hold pending the appeal of a decision by a D.C. district court that previously dismissed a similar group of cases, the report noted. Reference Link
08:28 EDTDBDeutsche Bank may issue statement Thursday regarding Postbank, WSJ says
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07:32 EDTFMCCRegulator defends Fannie and Freddie 3% downpayment mortgages, LA Times says
Mortgage regulator Melvin Watt stated Fannie Mae (FNMA) and Freddie Mac's (FMCC) new 3% downpayment mortages are just as safe as loans with 10% downpayment, reports the LA Times, citing a hearing by the House Financial Services Committee. Watt, director of the Federal Housing Finance Agency, said the mortgage giants are combining low downpayments with "compensating factors" such as strong credit requirements and private mortgage insurance. Fannie's program began in December and Freddie's begins in March. Reference Link
January 27, 2015
06:52 EDTDBEuropean Central Bank raises capital requirements for banks, WSJ says
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