securities exchange

Financial Sector Update: March 17, 2011

bac, bank, bank of america, bankers, bofa, citi, citigroup, costs, financial, funding, interest rate, justice dept, libor, loan, market, mortgage, price, sec, sector, securities exchange, shares, stock, trade, ubs

Financial shares are mixed as regulators eye several big sector names for possible manipulation of the LIBOR, which is used to set adjustable interest rates on a wide variety of loans. In mid-day news, the Securities and Exchange

By FNNO Staff
fnnonline@gmail.com

Freddie Mac's Former Chief Exec Richard F. Syron May Face Civil Action

Syron received a so-called Wells notice from the SEC. He is the most recent executive in the government's examination of the two government-controlled companies.

The SEC is looking into how Freddie and Fannie publicly disclosed their exposure to risky loans and whether those depictions were inaccurate.

ceo, civil action, error, fannie mae, faulty, freddie mac, inaccurate, investigation, lawsuit, legal, mortgage, public disclosure, richard syron, risky loans, sec, securities exchange

Freddie Mac's former chief executive Richard F. Syron may face a civil action as the government ramps up an investigation of disclosure practices at the company and Fannie Mae, according to people familiar with the matter.

By Christie Duffy
cduffy@fnno.com

Latest News from FNNO

Shares of Xylem Have Risen Above Previou...

Xylem (NYSE:XYL) traded at a new 52-week high today of $39.84. Approximately 892,000 s ...

Shares of Exxon Mobil Have Risen Above P...

Exxon Mobil (NYSE:XOM) traded at a new 52-week high today of $103.81. Approximately 11 ...

WR Berkley: The Winning Streak Continues...

WR Berkley (NYSE:WRB) traded today at a new 52-week high of $46.25. So far today appro ...

Westar Energy Looks to Continue to Trade...

Westar Energy (NYSE:WR) traded today at a new 52-week high of $37.40. Approximately 41 ...

WPX Energy Looks to Continue to Trade Ab...

WPX Energy (NYSE:WPX) traded today at a new 52-week high of $23.91. So far today appro ...

Whiting Petroleum: 52-Week High Recently...

Whiting Petroleum (NYSE:WLL) traded at a new 52-week high today of $80.86. This new hi ...

Recent 52-Week High Exceeded in Shares o...

Shares of Westmoreland Coal (AMEX:WLB) traded today at $37.10, breaking its 52-week hig ...

Recent 52-Week High Exceeded in Shares o...

Windstream (NASDAQ:WIN) traded today at a new 52-week high of $10.19. This new high wa ...

Most Popular Video News