New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 20, 2013
08:09 EDTDB, FMCC, FNMADeutsche Bank to pay EUR1.4B to settle with FHFA
Deutsche Bank announced that it has reached an agreement to resolve its residential mortgage-backed securities litigation with the Federal Housing Finance Agency as conservator for Fannie Mae (FNMA) and Freddie Mac (FMCC). As part of the agreement, Deutsche Bank will pay EUR 1.4 billion. The FHFA made claims against 17 financial institutions in relation to residential mortgage-backed securities, including Deutsche Bank. To date, details of settlements with two other institutions have been disclosed. The agreement resolves Deutsche Bank’s single largest mortgage-related litigation case. It resolves allegations that between 2005 and 2007 the Bank did not provide adequate disclosure about certain residential mortgage-backed securities sold to Fannie Mae and Freddie Mac. The settlement also includes an agreement with the FHFA to resolve past and future claims seeking to have Deutsche Bank repurchase mortgage loans underlying certain residential mortgage-backed securities purchased by Fannie Mae and Freddie Mac that the FHFA has asserted breached certain representations and warranties. The settlement amount is already substantially reflected in the Bank’s existing litigation reserves and no material additional reserves will be taken for this settlement, the Bank said.
News For DB;FNMA;FMCC From The Last 14 Days
Check below for free stories on DB;FNMA;FMCC the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
April 16, 2014
07:28 EDTDBDeutsche looks to sell Cosmopolitan Las Vegas Resort, Bloomberg says
Deutsche Bank is in discussions with possible purchasers of its Cosmopolitan resort in Las Vegas as it aims to end a six-year, money-losing venture into casino development, according to Bloomberg, citing people with knowledge of the matter. One of the sources said that the bank is looking for more than $2B for the resort and has attracted at least four potential bidders. Reference Link
April 15, 2014
13:18 EDTDBBank of China NY, Deutsche Bank sign MOU to expand clearing pact
Subscribe for More Information
April 11, 2014
07:47 EDTFMCC, DBDeutsche granted dismissal of FHFA suit, Reuters says
Subscribe for More Information
April 10, 2014
08:29 EDTFMCC, FNMAFannie, Freddie holders create 'Investors Unite' to fight reform, Reuters says
Subscribe for More Information
08:26 EDTDBDeutsche looks for shareholder approval for upped bonuses, Reuters says
Deutsche Bank will ask shareholders to approve increasing limits on executive bonuses for FY14 as required by new European regulations, according to Reuters, citing an agenda for the bank's annual shareholder meeting. Reference Link
07:11 EDTDBDeutsche said to find inappropriate communication in FX case, Bloomberg says
Deutsche Bank laid-off a London-based currency saleswoman last month for improper communication with the Monetary Authority of Singapore, according to Bloomberg, citing a person familiar with the matter. In an emailed statement, Deutsche Bank said it had received requests for information from regulators probing currency trading and is cooperating with them. Reference Link
April 8, 2014
08:04 EDTDBDeutsche up against big capital hit under stricter EU rules, Reuters says
Subscribe for More Information
06:26 EDTDBYodle planning IPO for 2014, WSJ reports
Online advertising company Yodle is planning an IPO for the second half of the year, the Wall Street Journal reports. Sources say the startup has selected Credit Suisse (CS) and Deutsche Bank (DB) for the offering, which could raise about $100M. Reference Link
April 7, 2014
07:27 EDTDBDeutsche chairman supports co-leaders Fitschen, Jain, Reuters says
Subscribe for More Information

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