Banks Fear They Could Cover Freddie and Fannie Bailout
The financial reform bill contains a “bank tax” creating a fund to cover the costs of a big financial firm’s collapse. Banks worry new changes mean the fund may have to cover any bailout of Fannie Mae and Freddie Mac — who are staggering under problem loans from banks.
Continue reading Banks Fear They Could Cover Freddie and Fannie Bailout
Banks Fear They Could Cover Freddie and Fannie Bailout originally appeared on DailyFinance on Thu, 24 Jun 2010 11:25:00.
Filed Under: Company News, Economy
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Banks Fear They Could Cover Freddie and Fannie Bailout
Tags: a-big-financial, apple, banking sector, banks-fear, business, economy, entry, fannie, fannie-bailout, financial reform, fnm-r, freddie, img-hspace, mean-the-fund, mortgage defaults
Biz Brief: Freddie Mac, Fannie Mae Halted as FHFA Demands NYSE Delisting
The Federal Housing Finance Agency has directed Freddie Mac and Fannie Mae to delist their common and preferred stock from the New York Stock Exchange and any other national exchange. Both companies’ shares have been halted pending the news.
Continue reading Biz Brief: Freddie Mac, Fannie Mae Halted as FHFA Demands NYSE Delisting
Biz Brief: Freddie Mac, Fannie Mae Halted as FHFA Demands NYSE Delisting originally appeared on DailyFinance on Wed, 16 Jun 2010 08:34:00.
Filed Under: Company News, Investing, Fannie Mae, Freddie Mac, Biz Brief, Stocks in the News
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Biz Brief: Freddie Mac, Fannie Mae Halted as FHFA Demands NYSE Delisting
Tags: delisting, entry, fannie, filed-under, fnm, fre, fnm, otcbb, nyse, other-national
Daily Blogwatch: Nine Books You Must Read This Summer
Jun 16, 2010 Object
Among today’s top online stories for investors are World Cup players worth more than $25 million, four reasons to expect a recession, and why consumer confidence is nevertheless at its highest level in years. Plus, what to read before you volunteer to clean up the BP oil spill.
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Daily Blogwatch: Nine Books You Must Read This Summer originally appeared on DailyFinance on Wed, 16 Jun 2010 08:30:00.
Filed Under: Columns, Investing
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Daily Blogwatch: Nine Books You Must Read This Summer
Tags: books, columns, delisting, fannie, fnm, img-hspace, investors-are, james-altucher, players-worth, read-before, reasons
Biz Brief: Abbott Licenses Potential Gynecological Drug from Neurocrine
Abbott Laboratories and Neurocrine Biosciences have entered into a collaboration agreement to develop and commercialize a potential gynecological treatment, elagolix. Elagolix, a potential oral drug, which has completed Phase IIb trials, is being developed for the treatment of endometriosis and uterine fibroids.
Continue reading Biz Brief: Abbott Licenses Potential Gynecological Drug from Neurocrine
Biz Brief: Abbott Licenses Potential Gynecological Drug from Neurocrine originally appeared on DailyFinance on Wed, 16 Jun 2010 08:23:00.
Filed Under: Health Care, Abbott, Biz Brief, Stocks in the News
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Biz Brief: Abbott Licenses Potential Gynecological Drug from Neurocrine
Tags: abbott-licenses, abt, abt, nbix, columns, delisting, endometriosis, fannie, fnm, health-care, img-hspace, potential, potential-gynecological
Undercover Boss Chris McCann Learns How to Nurture 1-800-Flowers Employees
Apr 12, 2010 Object
CBS’s hit reality show “Undercover Boss” often features down-and-out employees whose personal stories eclipse the real problems occurring within the company. At times, these episodes seem contrived, but Sunday’s episode, which featured Chris McCann, the president of 1-800 Flowers (FLWS), is the exception.
Continue reading Undercover Boss Chris McCann Learns How to Nurture 1-800-Flowers Employees
Undercover Boss Chris McCann Learns How to Nurture 1-800-Flowers Employees originally appeared on DailyFinance on Mon, 12 Apr 2010 12:25:00.
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Undercover Boss Chris McCann Learns How to Nurture 1-800-Flowers Employees
Tags: apple, chris, employees, entry, exception, fannie, filed-under, flowers, flws, flws, cbs, often-features, president, seem-contrived, the-president, these-episodes
Why Fannie Mae Failed: Ex-CEO Blames Conflicting Mandates
Apr 9, 2010 Object
“I accept responsibility for everything that happened on my watch,” Daniel Mudd, former CEO of Fannie Mae said Friday. The need to support affordable housing and home ownership ultimately made it impossible for it to succeed in its other mission: making a profit.
Continue reading Why Fannie Mae Failed: Ex-CEO Blames Conflicting Mandates
Why Fannie Mae Failed: Ex-CEO Blames Conflicting Mandates originally appeared on DailyFinance on Fri, 09 Apr 2010 13:15:00.
Filed Under: Investing, Fannie Mae, Real Estate, Freddie Mac, Credit
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Why Fannie Mae Failed: Ex-CEO Blames Conflicting Mandates
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Fannie Mae $19 billion loss and asks feds for another $15 billion loan
Filed under: Company News, Earnings, Fannie Mae
The news just keeps getting worse at embattled mortgage finance company Fannie Mae (FNM). The Washington, D.C.-based company, which buys up mortgages from banks, posted on Thursday a staggering $18.9 billion loss — its ninth consecutive deficit — as it incurred more expenses stemming from foreclosed properties. The news forced the outfit, which already has a $200 billion credit facility with the U.S. government, to hit up the feds for another $15 billion, the company said in a statement.
On the plus side, Fannie Mae, which has been under government receivership since last year, said its third-quarter revenue rose 6 percent to $5.9 billion from $5.6 billion in the previous quarter, as net interest income rose.
Continue reading Fannie Mae $19 billion loss and asks feds for another $15 billion loan
Fannie Mae $19 billion loss and asks feds for another $15 billion loan originally appeared on DailyFinance on Thu, 05 Nov 2009 18:10:00 EST. Please see our terms for use of feeds.
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Fannie Mae $19 billion loss and asks feds for another $15 billion loan
Tags: colo-bleeding, credit-facility, cuts-on-his, edgewater colorado, entry, fannie, fannie mae, net-interest, news
