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Stock Market & Financial Investment News

News Breaks
February 13, 2014
08:00 EDTNMR, FIGFortress repurchases 60.6M Class A shares from Nomura for $363.4M
Fortress Investment Group LLC (FIG) and Nomura Holdings (NMR) announced that Fortress has repurchased Nomura's 12% ownership stake for $363.4M, or $6.00 per share. In conjunction with the transaction, the companies have recommitted to a strategic and mutually beneficial business relationship that has supported Fortressís significant expansion in Asia since 2006.
News For FIG;NMR From The Last 14 Days
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March 17, 2015
08:26 EDTNMRFreddie Mac, Fannie Mae begin legal battle against Nomura, RBS, NY Post says
Freddie Mac (FMCC) and Fannie Mae (FNMA) alleged in court proceedings Monday that they bought "bad" mortgages because they were mislead by banks, reports the New York Post, citing court arguments. Monday was the first day of the lawsuit against Nomura (NMR) and co-defendant Royal Bank of Scotland (RBS) which seeks $1B in damages as well as the ability to return the securities to the banks. Lawyers presented internal bank emails that identified some mortgages as "crap" or from "extremely dysfunctional" lenders, while the banks alleged that they fully disclosed the poor quality of the products. Reference Link
06:38 EDTFIGWalker & Dunlop to repurchase 3M shares being sold by Fortress
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March 16, 2015
06:02 EDTNMRU.S. brings $1B subprime mortage lawsuit against Nomura, Financial Times says
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05:50 EDTFIGStocks with implied volatility movement; FIG HLF
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