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Stock Market & Financial Investment News

News Breaks
February 28, 2014
07:37 EDTFNMA, SCGLY, FMCCSociete Generale paying $122M to settle FHFA mortgage lawsuit, WSJ reports
Societe Generale will pay $122M to settle a lawsuit brought by the Federal Housing Finance Agency that accused the bank of misleading Fannie Mae (FNMA) and Freddie Mac (FMCC) in the purchase of mortgage-backed securities, reports Reuters. Reference Link
News For SCGLY;FNMA;FMCC From The Last 14 Days
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February 25, 2015
10:01 EDTSCGLYOn The Fly: Analyst Downgrade Summary
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05:31 EDTSCGLYSociete Generale downgraded to Neutral from Overweight at HSBC
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February 24, 2015
07:12 EDTFMCC, FNMAWells Fargo to hold a conference
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06:15 EDTSCGLYBanks probed for possible rigging of precious metals markets, WSJ reports
Officials in the U.S. are investigating at least 10 major banks for potential rigging of precious-metals markets, sources tell The Wall Street Journal. The DOJ's antitrust unit are investigating the price-setting process for gold, silver, palladium and platinum in London, while the CFTC has begun a civil investigation, with both agencies making requests for information, including a subpoena to HSBC (HSBC) from the CFTC. According to a source, Credit Suisse (CS), JP Morgan (JPM), UBS (UBS), Societe Generale (SCGLY), Bank of Nova Scotia (BNS), Barclays (BCS), Goldman Sachs (GS) and Deutsche Bank (DB) are also under investigation. Reference Link
February 20, 2015
09:14 EDTSCGLYSociete Generale management to meet with JPMorgan
Meetings to be held in Chicago on February 23, in Des Moines/Kansas City on February 24, in New York on February 25 and in Boston on February 26 hosted by JPMorgan.
07:33 EDTFNMAFannie Mae reports Q4 net income $1.3B vs. $3.9B last quarter
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February 19, 2015
08:19 EDTFMCCFreddie Mac reports Q4 net income $200M vs. $2.1B last quarter
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