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
-
Fannie Mae has appointed Timothy Mayopoulos as president and ceo, effective June 18. Mayopoulos is currently Fannie Mae’s executive v.p., chief administrative officer and general counsel.
-
Goldman Sachs is said to have cut a number of managing directors in its latest staff reduction of an estimated 50 employees to help reduce expenses amid a dim revenue outlook.
-
U.S. District Judge Victor Marrero of New York has preliminarily approved a proposed $45 million settlement between JPMorgan Chase and a class of municipal and government agencies in multidistrict litigation over the investment bank’s alleged conspiracy to fix prices and rig bids for municipal derivatives.
-
Nationstar Mortgage Holdings has agreed to acquire $10.4 billion in mortgage servicing rights from Bank of America.
-
BlackRock has expanded its real estate capabilities with the launch of its global real estate platform, headed by Mark Howard-Johnson.
-
Banco Central do Brasil has placed Banco Cruzeiro do Sul under the administration of Fundo Garantidor de Créditos, the banking industry’s insurance deposit fund, for six months and has removed the lender’s management after uncovering accounting irregularities.
-
New York Attorney General Eric Schneiderman has hired Virginia Chavez Romano, a former U.S. attorney, to aid him in the coordination of a federal task force investigating fraud and misconduct in the mortgage-backed securities market prior to the meltdown.
-
Schroders is said to be in the early stages of considering entering the real estate lending market as a growing number of non-banks look to fill the gap as financial institutions have scaled back such activity.
-
The Federal Reserve may limit how much of its own shares American International Group may repurchase if the insurer is made subject to Fed regulations, according to Peter Hancock, ceo of AIG’s Chartis unit. AIG bought roughly half of the shares the Fed offered the latest sale this year.