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Nomura, RBS must pay $806 million in mortgage bond case: U.S. judge

A U.S. judge on Friday ordered Nomura Holdings Inc and Royal Bank of Scotland Group Plc (RBS.L) to pay a collective $806 million for making false statements in selling mortgage-backed securities to Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB). U.S. District Judge Denise Cote in Manhattan entered the judgment after finding the banks liable on Monday following a non-jury bench trial in a lawsuit by the Federal Housing Finance Agency

Top U.S. hedge funds continued to dump Apple amid rally

Top U.S. hedge fund management firms, including Leon Cooperman’s Omega Advisors and Philippe Laffont’s Coatue Management, continued to reduce or slash stakes altogether in Apple Inc (AAPL.O) during the first quarter, as shares of the iPhone maker rallied. According to regulatory filings released on Friday, Coatue cut its holding of Apple by selling 1.2 million shares during the first three months of this year, but it remains the fund’s single