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 British Bankers’ Association has named Anthony Browne as ceo to succeed Angela Knight, effective Sept. 1.
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Fitch Ratings has downgraded Banco Santander and Banco Bilbao Vizcaya Argentaria two notches from A to BBB+ over concerns Spain will remain in recession through next year, and despite a massive bailout.
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Lloyds Bank, the wholesale business of Lloyds Banking Group, has hired Matthew Cooke from Bank of America Merrill Lynch as head of FIG origination for its growing asset backed solutions team.
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Adam Posen, a policymaker at the Bank of England, says the central bank should dip into securitizations backed by loans to small and medium-size business as a way to boosting the economic recovery, putting him at odds with Mervyn King, the bank’s governor, who is opposed to purchasing private assets.
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Tristan Capital Partners is preparing to launch European Property Investors Special Opportunities 3, a EUR750 million ($935.1 million) offering that is third in a series of valued-added/opportunistic funds.
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Reps. Gary Peters (D-Mich.), John Campbell (R-Calif.) and Keith Ellison (D-Minn.) have introduced the Preserving American Homeownership Act of 2012, which calls for the development of a pilot program that would allow principal reductions on loans from Fannie Mae, Freddie Mac and the Federal Housing Administration.
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Brevan Howard Asset Management is looking to see up to 60% return within two years from a new fund that invests in commercial mortgage-backed securities.
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Former investors in Bear Stearns have agreed to settle their lawsuit against the investment bank for $275 million over claims that the firm misled them about its health.
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BNY Mellon Capital Markets is expanding its mortgage securities trading desk, picking up a handful of traders from Ally Securities, a unit of Ally Financial.