Posts Tagged ‘freddie mac’

Lehman Brothers down 30% September 9th, 2008

Fannie Mae and Freddie Mac received Government support yesterday and all seemed well with the banking world. What a difference a day makes….Lehman Brothers dipped 30% on the news that it may not be able to raise the required funding to cover its losses. The credit crunch has led the bank to raise $6bn to cover write-downs. Lehman’s shares are down more than 90% this year and is it’s the US’s fourth largest investment bank, it too cannot be allowed to fail.

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  • Selection from Glossary

    • Growth and Income Fund
      A type of investment e.g. a unit trust, that aims for capital growth whilst also paying an income. Such a fund is likely to pay less income than a true income fund and also generate less growth than a growth fund.