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20 January 2018 17:27 (South Africa)

Fannie Mae and Freddie Mac to delist from NYSE

  • Andy Rice
    andy rice
    Andy Rice

    Andy Rice is a founding partner of Yellowwood Future Architects, a marketing strategy consultancy. In his other lives, he is the southern hemisphere's only supporter of Cambridge United Football Club, and was once upon a time the South African National Spoofing Champion. He has played football at Wembley and cricket at Lord's within the same weekend, but troubled the scorer on neither occasion. Things could only go up from here.

The Federal Housing Finance Agency has directed US state mortgage companies Fannie Mae and Freddie Mac to delist their stock. This is to ensure that they do not fall foul of the stock-exchange ruling that all shares must trade for a dollar or more. At the end of Tuesday, Fannie was trading at 92c, and Freddie at $1.22. Read more: Wall Street Journal

  • Andy Rice
    andy rice
    Andy Rice

    Andy Rice is a founding partner of Yellowwood Future Architects, a marketing strategy consultancy. In his other lives, he is the southern hemisphere's only supporter of Cambridge United Football Club, and was once upon a time the South African National Spoofing Champion. He has played football at Wembley and cricket at Lord's within the same weekend, but troubled the scorer on neither occasion. Things could only go up from here.

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