Fannie Mae and Freddie Macâ??s federal regulator is renegotiating the companiesâ?? financing plan with the U.S. Treasury Department and may seek an increase to their $400bn federal lifeline before the end of the year, Bloomberg reports.
Abu Dhabi is providing $10bn in funding to bail out its fellow emirate Dubai, enabling it to settle a $4.1bn Islamic bond (so called sukuk) owed by troubled developer Nakheel due on Monday, the official news agency said.
Fortress CEO sees cash flowing back into hedge funds (Fund News)
Fortress Investment Group is raising money for new funds and benefiting from investors' renewed demand for alternative assets like hedge and real estate funds, Fortress' CEO said on Wednesday.