Thursday, 30 October 2025

Finance & Mortgage

Morgan William Bryan Jennings And Cab Driver Collide[Analysis]

At the very moment William Bryan Jennings should have been climbing into bed at his sumptuous Connecticut mansion, the high-ranking executive at Morgan Stanley was sprinting through back roads a mile away. He was exhausted, scared and - detectives would later allege - had just stabbed a taxi driver in a dispute over a fare.

Moody’s Could Downgrade Global Investment Banks -- Nomura

U.S. and European investment banks may face headline risk again from credit ratings downgrades by Moody's Investors Service Inc. in the coming weeks, Nomura Securities warned Monday.

Treasury to Announce $25 Billion Profit on Mortgage Bonds

The Treasury Department may announce on Monday that taxpayers have made a $25 billion profit on mortgage bonds purchased at the height of the meltdown, the Wall Street Journal reported.

EDITOR'S PICKS

Fannie Mae's Property Sales Generate Investor Interest

Some big investors have shown interest in buying foreclosed properties being sold in bulk by Fannie Mae, the largest U.S. home funding source, the Wall Street Journal said citing people familiar with the process.
By Staff Reporter
Fed Revises Stress Test Losses

The Federal Reserve bank said on Friday it had made mistakes in calculating bank losses in stress test results released this week.
By Staff Reporter
Mortgage Deal : Is a 'Quickie' Refinancing Deal Worth It?

I got a letter from my bank the other day offering a streamlined refinancing deal for my current homemortgage. It was one of those "quickie" offers tailor-made for my loan situation and designed to net swift business for the bank.
By Staff Reporter
China Control Banks' Asset Risks

Internal governance mechanisms and effective monitoring needed to ensure healthy operations of the financial sector.
By Staff Reporter
U.S. Mortgage Rates Rise With Improving Job Market

U.S. mortgage rates rose with the improving economy, but remained near historic lows in the week ending March 15, Freddie Mac reported Thursday.
By Staff Reporter
Wells Fargo CEO'S Compensation Rises 5 Percent

Wells Fargo & Co Chief Executive Officer John Stumpf received $19.8 million in total compensation in 2011, an increase of about 5 percent from the previous year, according to a securities filing on Thursday.
By Staff Reporter
U.S. Fed Buys $6.4 Bln Mortgage Bonds, Sells None

The U.S. Federal Reserve bought $6.40 billion in agency mortgage-backed securities from March 8-14, compared with $6.85 billion in the previous week, the New York Federal Reserve said on Thursday.
By Staff Reporter
Goldman Sachs Loses $2.15 Billion of Its Market Value

The shares of Goldman Sachs dropped 3.4 percent in New York trading Wednesday, wiping $2.15 billion off its market value following allegations made by a former company executive that the firm took little interest in the clients and was also involved in exploiting them.
By Staff Reporter
Foreclosure Filings Down While Home Default Notices Rise in February

The number of Americans receiving delinquency notices on their homes rose in February from January, while the backlog of homes in the foreclosure pipeline showed signs of starting to ease, a report said on Thursday.
By Staff Reporter
Citigroup Failure in Fed Test Raises Questions

Citigroup Inc (C.N) on Wednesday stood by its pledge to reward shareholders, as Wall Street sought to understand why the bank failed to win approval from regulators to increase its dividend or buy back stock.
By Staff Reporter