All Entries Tagged With: "shares"
US shares tumble in anticipation of House Vote
US shares fell almost 200 points in early trading on Thursday as doubtful investors wait patiently to see if the House of Representatives will vote for the new $700 billion bailout plan to pass through after last night’s pass by the
ICICI bank sends Indian shares plummeting
Indian shares tumbled almost 4 percent on Monday amid fears that the European financial institutions could be the next victim of the credit crisis following the collapse of Wall Street taking four
HBOS shares slump as mortgage crisis continues
HBOS shares fell by more than 10 percent on Tuesday, another sign that shows that the Lloyds TSB takeover will not solve its funding problems with another downward slide in mortgage lending analysts say that they are
Freddie Mac and Fannie Mae drew solid demand for $5 billion new securities
Freddie Mac and Fannie Mae saw unyielding demand for $5 billion of new securities on Wednesday, even when large overseas investors slashed their exposure to
Fannie Mae shareholders pain: $5 Billion Homes Unsold
Fannie Mae, who is the largest U.S. mortgage finance company are giving their shareholders a lot of pain. There are reports that Fannie Mae have $5 Billion Homes Unsold, in one case a buyer would not pay $6,900 for the three-bedroom house, the broker who is handling the foreclosure has suggested cutting the price to [...]
HBOS Underwriters left with £2.6bn of stock
Following HBOS recent £4bn rights issue, their underwriters and sub-underwriters are now left with £2.6bn of the bank’s stock, as investors failed to purchase more than 30 percent of the shares from leftover cash.
HBOS gets 8.29% of shareholders: 1.4bn share to sell
UK mortgage lender HBOS has only received 8.29% of shareholders for their £4bn rights issue, this now leaves underwriters with almost 1.4bn share to sell. HBOS shares fell as low as 254.5p last week.
Underwriters to the funding, Morgan Stanley and Dresdner Kleinwort, are now faced with the
Bradford & Bingley shareholder meeting as it happens
Martin Wainwright from the Guardian is at the Bradford & Bingley shareholder meeting, and will be reporting as it happens. The troubled lender is at the meeting asking for £400m so that they are able to survive this current downturn.
Fannie Mae and Freddie Mac shares drop on fresh fears
It seems as if Fannie Mae and Freddie Mac mortgage buyers worries are far from over, their shares have dropped yet again following fresh fears over how investors and taxpayers would be affected by the U.S. government, using public money to prop the troubled banks up.
Shares of Fannie fell 28% to close at $7.03 while [...]
Alliance & Leicester shares up 50% over takeover talks
We announced this morning that Alliance & Leicester are in takeover talks, it is thought that Santander is the potential buyers. Well it seems that this news has helped A&L’s shares, as they have increased by almost 50%.
Seoul shares gain 2 percent after mortgage news
Seoul shares have extended their gains by 2 percent higher on Friday afternoon; this is showing that there is a regional recovery. Most of this recovery is a direct result of the U.S. Government coming in and taking over from troubled banks Fannie Mae and Freddie Mac.
Fannie Mae, Freddie Mac help Tokyo shares
Asian shares especially in Tokyo have rallied following the news that the U.S. Government have stepped in to bail out banks, Fannie Mae, Freddie Mac. It is also suggested that ten-year yields may rise because of the efforts to helps those companies.
Fed allows emergency cash for US investment banks
Many of the large U.S. investment banks who are having trouble as the financial strain kicks in will be pleased to know that the Federal Reserve will allow them access to emergency cash into next year, if this current turmoil persists.
Ben Bernanke had made this decision on Tuesday, which does hint at
Fannie Mae and Freddie Mac shares fall more than 15%
Fannie Mae and Freddie Mac have seen a 15% fall in their shares and it looks as though IndyMac are also in trouble. The drop in shares is a sign that confidence in these two government-sponsored mortgage companies is at an all time low.
Shares on Monday for Fannie and Freddie hit a 14 year low, [...]
Bradford & Bingley (B&B) shares continue to fall
We reported yesterday that Bradford & Bingley (B&B) shares were down 14% to 43p, well the troubled bank face fresh problems on Tuesday as their losses have accelerated.
As at 8:38 a.m, the stock in B&B has fallen 26% to a new low of 32.5 pence, this is far below its planned rights issue price of [...]