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Exclusive: Freddie Mac hires McKinsey to review capital as government overhaul begins

Housing finance giant Freddie Mac has hired management consultants McKinsey & Company to advise the firm on capital management ahead of a potential exit from government control, a spokesman said Thursday. “After a competitive … process, Freddie Mac retained McKinsey to conduct a gap assessment of our capital management capabilities and develop a roadmap to address any issues. This four-month engagement will begin in December,” said a Freddie Mac spokesman in a statement to Reuters. …read more […]

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UPDATE 1-T-Mobile in talks with Sprint on merger, does not rule out lower price

T-Mobile US Chief Executive John Legere on Thursday acknowledged talks are ongoing with Sprint Corp to extend their merger agreement, but he declined to rule out requesting the $26 billion price be reduced. The T-Mobile-Sprint deal, announced in spring 2018, has won regulatory approval from the Justice Department and Federal Communications Commission but faces a lawsuit from more than a dozen state attorneys general seeking to stop the deal. Legere was speaking on a webcast to discuss next generation 5G wireless and other initiatives. …read more […]