financetom
Business
financetom
/
Business
/
Trump seeks pitches from bank chiefs on Fannie, Freddie stock offerings, Bloomberg News reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Trump seeks pitches from bank chiefs on Fannie, Freddie stock offerings, Bloomberg News reports
Jul 31, 2025 3:21 PM

(Reuters) -President Donald Trump is meeting with chiefs of major U.S. banks to discuss monetizing mortgage giants Fannie Mae and Freddie Mac, Bloomberg News reported on Thursday, citing people familiar with the matter.

The pitches include a major public offering of stock, the report added.

Fannie Mae and Freddie Mac have been under federal conservatorship since 2008 following the financial crisis, during which both entities became insolvent amid the subprime mortgage meltdown.

Since then, the companies have rebuilt capital reserves, repaid their treasury loans and returned to consistent profitability.

Shares of both firms, currently traded on over-the-counter markets, have surged amid speculation over privatization plans.

Trump first signaled intentions to take the companies public in May, posting on Truth Social that he was giving "very serious consideration" to the move.

Trump met with JPMorgan CEO Jamie Dimon last week at the White House and is meeting Goldman Sachs CEO David Solomon on Thursday, the report said.

Bank of America CEO Brian Moynihan is also expected to meet with Trump in the coming days, the report added, with talks likely to include other banking executives as well.

Trump is asking the CEOs to provide ideas on strategies for taking the organizations public and exploring how their banks might participate in the process, the report said.

Representatives for BofA and Goldman declined to comment, while the White House did not immediately respond to a Reuters request for comment.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Surf Air Mobility Stock Gains On Q4 Earnings - Here's Why
Surf Air Mobility Stock Gains On Q4 Earnings - Here's Why
Mar 28, 2024
Surf Air Mobility Inc. ( SRFM ) reported its fourth-quarter financial results after the bell Thursday. Surf Air Mobility ( SRFM ) reported quarterly non-GAAP losses of 28 cents per share, which was in line with consensus, and quarterly revenue of $26.8 million. Pro Forma revenue came in at $27.4 million, beating the $25.69 million estimate. The company reported fiscal year...
Cannabis Finance Company Silver Spike Announces Solid 2023 Gains
Cannabis Finance Company Silver Spike Announces Solid 2023 Gains
Mar 28, 2024
Silver Spike Investment Corp. ( SSIC ) , a cannabis-focused specialty finance company, announced Wednesday its financial results for the year ending December 31, 2023.  Quarter Ended 12/31/2023 Financial Highlights Net investment income of $1.7 million, or $0.28 per share compared to $1.6 million, $0.26 per share in the previous quarter. Investment portfolio of $54.1 million at fair value, which...
Rexford Industrial Realty buys properties worth $1 bln from Blackstone Real Estate
Rexford Industrial Realty buys properties worth $1 bln from Blackstone Real Estate
Mar 28, 2024
March 28 (Reuters) - Rexford Industrial Realty ( REXR ), a real estate investment trust (REIT), said on Thursday it acquired industrial properties at a purchase price of $1 billion from Blackstone Real Estate. (Reporting by Aishwarya Jain in Bengaluru) ...
GameSquare Completes Voluntary Delisting from the TSX Venture Exchange
GameSquare Completes Voluntary Delisting from the TSX Venture Exchange
Mar 28, 2024
04:12 PM EDT, 03/28/2024 (MT Newswires) -- GameSquare (GAME.V, GAME) on Thursday said it completed a voluntary delisting of its shares from the TSX Venture Exchange. Effective at the close of trading on March 28, 2024, GameSquare's common shares are no longer listed and posted for trading on the TSXV, the company said. Its shares will continue to trade on...
Copyright 2023-2026 - www.financetom.com All Rights Reserved