Latest news
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
More articles
More articles
-
A lack of confidence in the models credit ratings agencies use to assess residential mortgage-backed securities and in the agencies themselves is stifling the U.S. housing recovery, according to Reason Foundation.
-
The Federal Reserve of Bank of New York has launched another round of bidding for collateralized debt obligations in its Maiden Lane III portfolio.
-
The Spanish government is considering the creation of a bad bank to hold financial institutions’ toxic assets but says the transfer would be voluntary for now.
-
The Royal Bank of Scotland says it is will repay the final portion of the £163 billion ($263.3 billion) in loans it received through the U.K. government’s Credit Guarantee Scheme.
-
The ceos of top Wall Street banks have complained to Federal Reserve Governor Daniel Tarullo that recent stress tests conducted by the central bank used a scenario that overstated their losses, and that proposed counterparty credit limits likewise overstated banks’ exposure to each other.
-
Société Générale reports that profits in the first quarter dropped 20% to EUR732 million ($962.5 million) from a year earlier, largely because of a revaluation of its debt and loses from the sale of a corporate loan portfolio.
-
Austrian bank Hypo Noe sold a EUR500 million ($657.5 million) no-grow 10-year covered bond, which attracted an orderbook three times that size from 100 investors.
-
Prytania Investment Advisors has launched the Metreta Fund, a liquid structured finance fund that it says will provide low-risk but liquid returns from investments in senior tranches of asset-backed securities.
-
The Federal Reserve Bank of Dallas supports tough standards for banks that request a taxpayer-funded bailout.