Banks competing for roles on Fannie Mae, Freddie Mac IPOs, WSJ reports

Major banks are competing for lead roles in the potential IPOs of Fannie Mae (FNMA) and Freddie Mac (FMCC), which could be among the largest offerings ever, The Wall Street Journal’s Corrie Driebusch, Gina Heeb, and AnnaMaria Andriotis report. Bankers are navigating the unpredictable nature of the Trump administration and the complexities of taking government-backed entities public, according to the report, which adds that before the government shutdown, the plan was to select the lead banks imminently and kick off the process before the end of the year, but bankers and lawyers are now skeptical of the timeline. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).