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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U.K. Prime Minister David Cameron supports the idea of creating a European banking union, but says his country will not participate in it. Cameron adds that he would veto any agreement that did not include adequate protections for the U.K.
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Clydesdale Bank has rolled out a £1.5 billion ($2.31 billion) covered bond backed by residential loans with an average loan-to-value of 63.5%.
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The European Parliament’s influential Economic and Monetary Affairs committee has approved several proposals for the E.U.’s mortgage directive, including a measure that would require lenders to link their variable rates with a reference rate.
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Russia’s Sberbank has acquired 99.85% of Turkey’s DenizBank from Dexia in a deal valued at EUR2.82 billion ($3.5 billion).
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Canada’s Office of the Superintendent for Financial Institutions has dialed back a proposal that would have required borrowers to provide new proof of creditworthiness whenever they renew their mortgages. The OSFI now agrees with banks, which require proof of income and property valuation, among other things, when seeking a renewal.
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U.S. District Judge Shira Scheindlin of New York has approved a $150 million agreement between JPMorgan Chase and three union pension funds over losses from medium-term notes issued by Sigma Finance, a structured investment vehicle that failed in 2008.
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Citigroup is said to be marketing a $511.96 million collateralized loan obligation for GSO Blackstone Debt Fund Management.
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Canada’s Office of the Superintendent for Financial Institutions has dialed back a proposal that would have required borrowers to provide new proof of creditworthiness whenever they renew their mortgages. The OSFI now agrees with banks, which require proof of income and property valuation, among other things, when seeking a renewal.
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U.S. District Judge Shira Scheindlin of New York has approved a $150 million agreement between JPMorgan Chase and three union pension funds over losses from medium-term notes issued by Sigma Finance, a structured investment vehicle that failed in 2008.