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...The biggest impact is on five of the US financial institutions that endured huge losses in the financial crisis — Bank of America, Citigroup, AIG and mortgage groups Fannie Mae and Freddie Mac — which will...
...This video was first published October 20, 2016 Letter in response to this article: Little that the Swiss authorities can do / From Freddie Hasslauer...
...Letter in response to this article: Swiss success goes far beyond the brand name element / From Freddie Hasslauer....
...The FT’s Ralph Atkins reports from Vienna. (FT)...
...ralph.atkins@ft.com...
...brands and revamping food operations - Vickers expected to focus on ‘structural’ issues; expected to step back from forcing Lloyds Banking Group to sell more than 632 branches - S&P downgrades Fannie and Freddie...
...On Tuesday, Wells Fargo said Howard Atkins, its chief financial officer, would retire immediately for personal reasons....
...The ECB would certainly hope that was not the case – it would worry about contagion effects, writes the FT’s Ralph Atkins....
...Howard Atkins, the chief financial officer, told analysts Wells Fargo is appropriately reserved for these requests, mainly from Fannie Mae and Freddie Mac to repurchase loans that failed to meet certain...
...Fannie Mae and Freddie Mac, the government-owned mortgage finance companies, are demanding that banks repurchase loans that may not have adhered to proscribed underwriting guidelines....
...Ed Najarian, a member of the bank analysis team at Merrill Lynch in New York…has gone to the trouble of ringing up all the large-cap regional banks ML covers to enquire about exposure to Fannie Mae and Freddie...
...A 30-year fixed-rate mortgage averaged 4.84 per cent last week, according to a Freddie Mac survey, compared with 4.78 per cent the week before....
...Adding to that sense of superiority is the fact that Asian governments – notably those of China and Japan – are the biggest holders of US Treasury securities and Fannie Mae and Freddie Mac paper....
...However, this was more than the 34 cents analysts had been expecting even as Wells incurred $646m of previously announced writedowns on securities issued by Fannie Mae, Freddie Mac and Lehman Brothers....
...“We saw a tremendous inflow of deposits in the latter part of the quarter …. reflecting what we believe is a significant flight to quality,” said Howard Atkins, chief financial officer....
...Reporting by George Parker in London, Michiyo Nakamoto in Tokyo, Gerrit Wiesmann in Berlin and Ralph Atkins in Frankfurt...
...WAR GAMES DEPLOYED AS EUROPE FRETS OVER BANKS By Nikki Tait, Ralph Atkins and Peter Thal Larsen For European policymakers, the woes of Freddie Mac and Fannie Mae have given fresh impetus to a question...
...“The benefit of the credit crisis in terms of higher assets at higher spreads has so far largely offset the negative impact of higher charge-offs,” said Howard Atkins, finance chief....
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