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
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The U.K. Council of Mortgage Lenders says it is “very unlikely” that the scandal involving alleged manipulation of the London Interbank Offered Rate will have any impact on British homeowners.
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CBRE has hired Michael Atwell as head of capital markets for Central and Eastern Europe.
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Morgan Stanley and Bank of America are said to have cut the yield on a top-rated tranche of its $1.2 billion commercial mortgage-backed securities deal from up to 150 basis points above the benchmark swap rate to 135 bps, in what appears to be an effort to attract investors, which have generally been cool to such CMBS.
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Fannie Mae and Freddie Mac’s issuance of multifamily commercial mortgage-backed securities rose by more than one-third in the first six months of 2012, thanks to low funding costs and strong investor demand.
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Navistar Financial has completed the sale of $501 million of asset-backed notes, its first securitization of 2012.
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Toronto-based mortgage provider First National Financial has sold C$251.6 million ($248.1 million) inmortgage backed securities set to mature in June 2017.
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The U.S. Government Accountability Office has cast doubt on the Federal Deposit InsuranceCorp.’s ability to carry out the unwinding of systemically importantfinancial institutions under the Dodd-Frank Act’s Orderly LiquidationAuthority.
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RBS collateralized loan obligation analyst Justin Pauley gave notice to the bank that he plans to leave his post for a buyside position at Brigade Capital Management, a New York City-based hedge fund.
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The Royal Bank of Scotland may need to set aside more funds to cover losses on Irish loans over the next two years, according to Espirito Santo Investment Bank.