| Home
Fannie Mae fights back but loses executives
Calcutta News.Net
Wednesday 27th August, 2008
Mortgage finance giant Fannie Mae has made changes to its executive ranks, after investors appeared less certain a government bailout of the company might be imminent.
Fannie Mae, the largest buyer and backer of U.S. home mortgages, said its chief financial officer and two other top executives would leave.
Three current executives were promoted to replace them.
But Fannie Chairman Stephen B. Ashley said in a statement that board members remained committed to retaining Chief Executive Daniel Mudd.
Mudd was elevated to the top post in December 2004 when former CEO Franklin Raines and chief financial officer Timothy Howard were swept out of office in an accounting scandal.
Shares in Fannie Mae have climbed back in recent days, as analysts have cast doubt on whether any government rescue is inevitable.
 Email this story to a friend
Have your say on this story
|
 |
 |
- Court issues notice as 2 claim they're being framed as terrorists
New Delhi, July 4 (IANS) The Delhi High Court has issued notice to Attorney General G.E. Vahanvati after two men arrested by the Delhi Police claimed they are innocent but are being framed as Al-Badr terrorists. [read story]
- Andhra panel proposes upper fee limit for private schools
Hyderabad, July 4 (IANS) Andhra Pradesh is now mulling fixing an upper limit on the fees charged by private schools. A panel constituted by the state government has recommended that private schools in urban areas should not charge more than Rs.24,000 per annum as tuition fee up to Class 5 and Rs.30,000 up to Class 10. [read story]
- Bihar town tense after man's death in police custody
Patna, July 4 (IANS) There was palpable tension in a town in Bihar's West Champaran district Saturday, a day after a suspected thief died in police custody, triggering violent protests as people demanded action against the police. [read story]
- Indian markets crawl as investors await budget
Mumbai, July 4 (IANS) Indian equities markets went up and down in volatile trading last week, but ended close to where they were a week ago, as investors waited anxiously for the budget to be unveiled Monday. A key index moved up from its previous weekly close, but only 1.01 percent. [read story]
- Andhra Pradesh fixes upper fee limit for private schools
Hyderabad, July 4 (IANS) A panel constituted by the Andhra Pradesh government has recommended that private schools in urban areas should not charge more than Rs.24,000 per annum as tuition fee up to Class 5 and Rs.30,000 up to Class 10. [read story]
|
|
 |
 |
|
|
