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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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Barclays Sells Its Largest U.S. Covered Bond Barclays has sold $2 billion of its latest covered-bond, its largest ever in the U.S. and twice the size of its previous bond, offered in September 2010.
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Morningstar has indicated it will take a closer look at how mortgage servicers operate, including how they handle cash flows to investors and foreclosure time limes.
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Morgan Stanley has been sued again over residential mortgage-backed securities, this time by Asset Management Fund.
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Citigroup is said to have hired Anthony Renzi as coo of its North American mortgage business.
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Broker-dealer Gleacher & Co. Securities has hired Perrin Arturi and Donald Ullman as executive managing directors and co-heads of its MBS/ABS & rates division.
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Fannie Mae has introduced new rules regarding pricing and other terms in purchase agreements and mortgage-backed securities contracts with lenders.
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Lloyds Banking Group is planning to reduce its U.K. mortgage market shares from 28% to 25%, according to Antonio Horta-Osario, ceo of Lloyds.
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The U.S. Court of Appeals for the Second Circuit has affirmed a ruling by a lower court judge to reject a bid to certify a class of investors in mortgage-backed securities against the Royal Bank of Scotland, Residential Capital and its underwriters.
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Bank of America is said to preparing to slash 2,000 jobs in its investment-banking, commercial banking and non-U.S. wealth management businesses.