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Stock Market & Financial Investment News

News Breaks
August 22, 2014
17:18 EDTGS, FNMA, FMCCGoldman Sachs announces agreements with FHFA to repurchase $3.15B in RMBS
The Goldman Sachs Group announced that Goldman, Sachs & Co. has reached agreements with the Federal Housing Finance Agency, or FHFA, to resolve all federal and state securities law claims brought by FHFA with respect to residential mortgage-backed securities, or RMBS, purchased by Fannie Mae (FNMA) and Freddie Mac (FMCC) over the 2005-2007 period. Under the terms of the agreements, Goldman is repurchasing the RMBS for $3.15B. The costs of resolving these matters are substantially covered by reserves as of Q2.
News For GS;FNMA;FMCC From The Last 14 Days
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October 1, 2014
11:46 EDTGS, FMCC, FNMADavid Tepper says economy good, stock market not at high multiple currently
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09:38 EDTGSGoldman to unveil $66M communications tool investment, Reuters says
Goldman Sachs along with 13 partners are aiming to announce a $66M investment in a communications tool company called Symphony Communications Services, according to Reuters, citing comments in a draft press release viewed by the newsource. Symphony will consolidate all digital communications for financial companies into one centralized platform. Reference Link
09:20 EDTFMCC, FNMAOn The Fly: Pre-market Movers
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07:08 EDTFMCC, FNMACases linked to Fannie, Freddie profits rejected by judge, Reuters says
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September 29, 2014
07:58 EDTGSWarren calls for hearing on 'disturbing' Fed tapes, Reuters reports
Two members of the the Senate Banking Committee, Democrats Elizabeth Warren and Sherrod Brown, called for an investigation into the issues raised by secretly taped conversations between officials at Goldman Sachs (GS) and supervisors at the New York Federal Reserve, reported Reuters. Other large U.S. banks include Bank of America (BAC), Citigroup (C), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
September 26, 2014
18:09 EDTGSGoldman Sachs to ban investment bankers from trading stocks, Bloomberg reports
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September 25, 2014
15:10 EDTGSHolder resignation as AG positive for banks, says Rafferty Capital
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14:32 EDTGSGoldman Sachs close to acquiring Neovia Logistics for $1B, Reuters says
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September 24, 2014
15:04 EDTGSGoldman, other banks near deal to buy Bloomberg messaging alternative, WSJ says
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14:47 EDTFNMAFannie Mae COO Edwards to leave company in 1H15
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07:46 EDTGSPeterson Institute for International Economics to hold a conference
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September 23, 2014
07:14 EDTGSGoldman spot FX trading boss in EU to depart, Bloomberg says
Mitesh Parikh, the manager of Goldman Sach's spot foreign-exchange trading in Europe, is departing the company to trade currencies at an investment company, according to Bloomberg, citing two people with knowledge of the situation. Parikh joined Goldman Sachs twelve years ago. Reference Link
September 18, 2014
14:08 EDTGSBanks look to high-interest personal loans to boost revenue, WSJ says
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