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Stock Market & Financial Investment News

News Breaks
February 7, 2014
14:36 EDTFMCC, FNMA, MSFHFA confirms $1.25B settlement with Morgan Stanley
The Federal Housing Finance Agency confirmed that it has reached a settlement with Morgan Stanley (MS) for $1.25B addressing claims alleging violations of federal and state securities laws and common law fraud in connection with private-label mortgage-backed securities purchased by Fannie Mae (FNMA) and Freddie Mac (FMCC) between 2005 and 2007. Under the terms of the agreement, Morgan Stanley will pay $625M each to Fannie Mae and Freddie Mac. Morgan Stanley disclosed this settlement on February 4.
News For MS;FNMA;FMCC From The Last 14 Days
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May 20, 2015
08:21 EDTMSATM data theft soars to highest rate in two decades, WSJ says
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06:10 EDTMSMorgan Stanley implied volatility of 16 at lower end of index mean range
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May 18, 2015
09:46 EDTMSMPLX enters common unit sales agreement for up to $500M
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May 17, 2015
17:06 EDTFNMA, FMCCNomura, RBS ordered to pay $806M to Fannie, Freddie, Reuters says
U.S. District Judge Denise Cote has ordered Nomura (NMR) and RBS (RBS) to pay a total of $806M for allegedly misleading Fannie Mae (FNMA) and Freddie Mac (FMCC), Reuters reported Friday, citing court proceedings and a person familiar with the matter. Reuters notes that Fannie is set to receive $26.6M from the ruling, while Freddie will receive $779.4M. Reference Link
May 14, 2015
09:31 EDTFNMAJPMorgan to buy $45B in mortgage servicing rights from Ocwen
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06:04 EDTMSUnivision IPO could launch 'in weeks,' NY Post reports
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May 13, 2015
09:32 EDTMSMorgan Stanley fined $2M by FINRA for short interest reporting, rule violations
FINRA announced that it has fined Morgan Stanley & Co. LLC $2M for short interest reporting and short sale rule violations that spanned a period of more than six years, and for failing to implement a supervisory system reasonably designed to detect and prevent such violations. FINRA found that Morgan Stanley, over several years, failed to completely and accurately report its short interest positions in certain securities involving billions of shares. FINRA also found that the firm's supervisory system was deficient because it failed to detect and prevent these violations over an extended period of time. FINRA found that over a seven-year period, Morgan Stanley included positions from the accounts of non-broker-dealer affiliates in a number of aggregation units when determining each unit's net position. FINRA also found that the firm's supervisory system was not reasonably designed to detect and prevent such violations. In concluding this settlement, Morgan Stanley neither admitted nor denied the charges, but consented to the entry of FINRA's findings.
May 12, 2015
19:52 EDTFMCC, FNMANomura, RBS could pay $805M in mortgage ruling, Reuters says
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14:13 EDTMSBove says it may be time to buy bank stocks
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07:48 EDTFMCC, MSStandard & Poor's to hold a summit
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May 11, 2015
17:02 EDTMSMorgan Stanley to sell Global Oil Merchanting unit to Castleton Commodities
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15:53 EDTFMCC, FNMAJudge says Nomura misled Freddie, Fannie, HousingWire says
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12:51 EDTMSOn The Fly: Top stock stories at midday
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08:18 EDTMSBanks executives seek to push back on 'false, damaging' statements, WSJ reports
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07:07 EDTMSMorgan Stanley announces sale of Creative Circle to On Assignment
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