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.S. Bankruptcy Judge Eileen Hollowell of Tucson, Ariz., has extended a $207 million loan on two Westin hotels by what analysts say is an unusually long 15 years.
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The Royal Bank of Scotland has announced that it will slash 500 jobs in the Netherlands, a roughly 25% reduction that will leave 1,400 staffers in the country by the end of next year.
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Deutsche Bank is said to have off talks with Guggenheim Partners for the sale of most of the German lender’s asset-management operations, but has said it will continue to evaluate the businesses.
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The investment policy team of the U.K.’s Financial Services Authority is expected to recommend when it meets next month that the FSA delay for a year until Jan. 1, 2014, implementation of new measures that would require platforms to provide investors with information and notifications from funds managers and depositories with any changes in investments.
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Renee Toft, head of research at Cairn Capital in London, is said to have left the firm.
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JPMorgan Chase has suffered $2 billion in losses from trading losses from derivatives in its Chief Investment Office in the past six weeks and is likely to suffer an additional $1 billion loss from the portfolio in the second quarter, according to Jamie Dimon, the bank’s ceo. .
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Onex Credit Partners managing partner Jack Yang has left the firm, according to market sources.
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The Spanish government has acquired a 45% stake in Bankia, the country’s third-largest lender, in a deal that coverts EUR4.47 billion ($5.8 billion) in state aid to common shares.
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HSBC is in talks to sell another four of its Latin American businesses in its effort to reduce costs and streamline its operations.