October 2011
5 posts
7 tags
U.S. government eyes risk-sharing in housing bonds
Fannie Mae and Freddie Mac buy mortgages from lenders to
free up cash for banks to make more loans. The two companies
then repackage the loans for sale to investors as securities
and charge fees to guarantee the debt.Under the private-sector risk-sharing idea, they would
begin to issue some bonds without a federal guarantee.Investors in those securities would receive a higher
return to compensate...
7 tags
UPDATE 2-Austerity pressure weighs on Irish...
* PM insists there is no division in government* C.bank warns banks on raising mortgage rates* Credit Unions have provisions shortfall of around 300 mln
eurosBy Conor Humphries and Carmel CrimminsDUBLIN, Oct 14 (Reuters) - A fresh call for Ireland to ramp
up its austerity drive heaped pressure on Prime Minister Enda
Kenny’s coalition government on Friday as he brokered
negotiations for his...
7 tags
UPDATE 1-Sportingbet sells Turkish ops to GVC
* Increases company revenues from regulated territoriesLONDON, Oct 14 (Reuters) - British online gaming firm
Sportingbet said it would dispose of its Turkish
operations for at least 143 million euros ($196 million) in
cash as it moves to exit activities in unregulated territories.Sportingbet’s website, which offers wagers to Turkish
residents, will be bought alongside associated offshore...
9 tags
UPDATE 1-Italian bankers battle for top Milan bank...
* Shares end down 2.8 pct after volatile session
(Adds comments, background, share activity)MILAN, Oct 13 (Reuters) - Two contenders for Banca Popolare
di Milano (PMII.MI) stepped up their campaigns on Thursday to
take charge of the Italian bank and curb the power of the
bank’s employee-shareholders.One of the contenders, which is allied with the bank’s
powerful Amici di Bipiemme...
9 tags
"Fight Back" phone app to protect women in India
One in every four rapes in India occurs in New Delhi, police say, with reports of women being bundled into moving cars and gang-raped before being dumped on roadsides, giving the city an unsavory reputation as the “rape capital” of the nation. There is one rape every 18 hours, according to police.The phone app “Fight Back” will be launched in November by a local charity...
