| | | Fannie, Freddie may write down $21 billion due to U.S. tax cut: BMO | | | NEW YORK (Reuters) - U.S. mortgage finance giants Fannie Mae and Freddie Mac may write down $21 billion of tax-related assets if there is a deep cut in the federal corporate tax rate as promised by President Donald Trump, according to an analyst at BMO Capital Markets on Friday. |
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| | | Investors unimpressed by Einhorn's GM share class plan: survey | | | BOSTON (Reuters) - Investors have given billionaire hedge fund manager David Einhorn's plan to boost General Motors Co's value a frosty reception with most surveyed saying his call for two types of shares would not raise the automaker's worth, according to an Evercore ISI poll. |
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| | | Wells Fargo must face litigation on defective mortgages: U.S. judge | | | NEW YORK (Reuters) - A federal judge on Thursday said Wells Fargo & Co must face litigation seeking to hold it responsible for billions of dollars of claimed investor losses stemming from its alleged failures as a trustee overseeing risky residential mortgage-backed securities. |
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