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Stock Market & Financial Investment News

News Breaks
January 2, 2013
07:35 EDTNMRNomura shelves proposed fund-raising for former Bumi assets, Telegraph says
Nomura (NMR) has canceled a planned $150M fund-raising to support the purchase of some controversial former Bumi assets by Benakat Petroleum Energy, reported The Telegraph. The companies involved in the scuttled fund-raising, and their alleged ongoing relationship to the Bakrie family, are part of an investigation into potential “financial and other irregularities” at Bumi Resources, according to the report. Reference Link
News For 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
March 16, 2015
06:02 EDTNMRU.S. brings $1B subprime mortage lawsuit against Nomura, Financial Times says
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