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
-
Standard & Poor’s said its ratings on global structured finance transactions will not be affected by bank downgrades by rival credit rating agencies.
-
A federal appeals court has ruled that Kentucky-based Republic Bank may not sue Bear Stearns and its current owner, JPMorgan Chase, for $14 million in losses from mortgage-backed securities because the bank failed to read the MBS offer documents and did not provide sufficient specifics to sustain its fraud claims.
-
Principal reductions now account for roughly 40% of total loan modifications by mortgage servicers, compared with 25% last year and 11% in 2010, according to Amherst Securities Group.
-
Baring Asset Management is planning to launch the Baring Emerging Market Corporate Debt Fund, a subfund of its Irish-domiciled open-ended Baring Investment Funds.
-
The Royal Bank of Scotland is planning to cut 618 jobs from its retail financial-planning division as new rules that go into effect next year bars banks and other advisers from charging customers based on commission; instead, customers will pay an upfront fee.
-
U.S. and European regulators must ensure mutual recognition when finalizing securitization and derivatives regulation in order to curb jurisdictional conflict and legal and compliance complexity, according to a new study by the E.U.-U.S. Coalition, an umbrella group of industry associations.
-
The Systemic Risk Council, the new group headed by Sheila Bair, former chair of the Federal Deposit Insurance Corp., has called on U.S. regulators to accelerate the process of designating non-bank firms as systemically important to help avoid another 2008-like crisis.
-
V-Rooms says the U.S. Securities and Exchange Commission has found that its cloud-based Virtual Data Room complies with the SEC’s new regulation requiring arrangers of structured finance products to maintain a password-protected Web site where all information is available to outside nationally recognized statistical ratings organizations.
-
The deadline for the independent audit of Spain’s financial sector has been pushed back from July 31 to September to give auditors more time to complete evaluations of the banks’ books.