The Federal Housing Finance Agency announced today that the bailout of the two largest mortgage companies has improved. Citing new interests in the market, Freddie Mac and Fannie Mae are set to receive only $19 billion more in bailout funds this year, far less than the $300 billion that was originally projected for the troubled […]
Morgan Stanley, one of the largest investment firms in the US, announced this morning that they have seen a 67% decrease in profits. The company has blamed this newest loss on slow trading numbers across the board as well as the still fragile economy in the US and abroad. In the past year Morgan Stanley […]
The American financial services Citigroup announced a $2.2 billion profit for the second quarter today marking the third straight quarter that the company has reported profits since accepting bailout funds. Citigroup has worked hard in the past several months to trim losses from defaulted home loans and to bolster their lending in other areas. Early […]