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Latest news
Vida Bank is also building up its funding team
Bank’s relationship with SpringCash is ‘commercial’
Stefan Jost will take over the role
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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.
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Morgan Stanley and Barclays are said to have had the winning bids for $1.5 billion of collateralized debt obligations offered by UBS.
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Law firm Mayer Brown has hired David Stewart, an expert in commercial mortgage-backed securities, as a partner in its real estate practice in New York.
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StormHarbour recently hired Shammi Malik as head of European asset-backed securities trading in its London office.
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A German High Court judge has ruled that Commerzbank must pay EUR50 million ($65 million) in bonuses to 104 former Dresdner Kleinwort bankers in the U.K. according to their 2008 agreement, rejecting claims that the lender’s massive losses should free them from the obligation.
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Barclays has named Sharon Quinlan as head of structured property debt finance in London.
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New York Supreme Court Justice Charles Ramos of Manhattan has rejected a motion by JPMorgan Chase to dismiss a lawsuit by Syncora Guarantee that charged Bear Stearns, now owned by JPM, made false and misleading statements in connection with the sale of mortgage-backed securities.
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Prudential Financial has filed suit against Morgan Stanley related to the investment bank’s sale of $1 billion in residential mortgage-backed securities to the insurer.
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Bank of America has launched its program to reduce principals on mortgages by contacting some 200,000 borrowers by mail, inviting them to participate.