Read
- Exclusive: Fidelity facing "thousands" hit by Facebook woes
- Facebook market makers' losses total at least $100 million
|
- Exclusive: China leadership rules Bo case isolated, limits purge: sources
- Protests planned after minister calls for gays to be fenced in
- Pakistani interrogator says bin Laden wives gave little away
Reuters Photojournalism
Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption
Freddie Mac says conservatorship talk not accurate
NEW YORK |
NEW YORK (Reuters) - Freddie Mac, the second-largest provider of funding for U.S. residential mortgages, on Friday denied it needs outside help to run the company since it has enough capital.
The company said a review of expected financial performance shows no immediate need to raise additional capital. It added that it has many options to raise capital, including cutting its common stock dividend.
Media speculation that the company is on the threshold of conservatorship, in which regulators appoint a person or entity to run a troubled institution, "does not accurately reflect the facts," Freddie Mac said in an e-mailed statement.
(Reporting by Al Yoon and Lynn Adler; Editing by Dan Grebler)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters