Latest news
Latest news
Bank’s relationship with SpringCash is ‘commercial’
Stefan Jost will take over the role
Koning to leave in the next year
More articles
More articles
-
The Royal Bank of Scotland said it has fired staffers who were connected to alleged manipulation of the London Interbank Offered Rate, but did not indicate whether it is nearing a settlement with regulators over the scandal.
-
Paul Tucker, deputy governor of the Bank of England, says tougher regulations for the shadow-banking industry are coming within months to prevent financial institutions from circumventing stricter measures by shifting operations out of the regulated banking system.
-
UBS has named Hew Glyn Davies as vice chairman of the Swiss bank’s U.K. operations, expanding his current position as an investment banker.
-
Structured finance attorney Keith Krasney joined Locke Lord LLP as a partner and chair of the firm’s Securitization and Structured Finance group in the firm’s New York office, and is in talks to pick up other partners, associates and of counsel.
-
Ocwen Financial has set its sight on Ally Financial’s Residential Capital unit in its effort to boost is mortgage servicing properties.
-
The European Central Bank is said to be teaming up with the European Stability Mechanism, the region’s permanent bail-out fund, to buy Italian and Spanish debt in an effort to bring down their borrowing costs.
-
The U.K. government is considering whether to buy out private investors and fully nationalize the Royal Bank of Scotland, of which it currently holds 82%.
-
The Spanish government has retained Alvarez & Marsal, the U.S. professional services firm, to manage its new bad bank, which is expected to hold a total of EUR184 billion ($223.6 billion) of toxic assets from the nation’s most troubled banks.
-
ING is considering a sale of its U.K. and Canadian online banking business as part of its mandate to sell off assets in exchange for state aid during the financial crisis.