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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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The Royal Bank of Scotland is said to be preparing for its first dividend payout in four years after a ban on such payments expires at the end of this month.
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Angela Knight is stepping down as ceo of the British Bankers Association after five years but will stay on until a successor is found.
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Moody’s Investors Service says it will decide in May whether to further downgrade global financial institutions, with Morgan Stanley said to be most vulnerable with a possible loss of three notches.
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Moody’s Investors Service says it will decide in May whether to further downgrade global financial institutions, with Morgan Stanley said to be most vulnerable with a possible loss of three notches.
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The Federal Housing Administration and Ginnie Mae face risk-management challenges despite new initiatives planned to deal with them, according to the U.S. Government Accountability Office.
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Goldman Sachs Asset Management is launching the U.S. Housing Recovery Fund in April, a hedge fund that will invest in mortgage-backed securities.
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Hartford Financial Services Group is considering securitization, sales and reinsurance transactions to lower its risks tied to liabilities on equity-linked products it has sold in the past in the U.S. and Japan, according to Liam McGee, its ceo.
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U.S. Magistrate Judge Laurel Beeler of San Francisco has ordered Wells Fargo and the U.S. Securities and Exchange Commission to work out their issues regarding subpoenas relating to an SEC investigation into mortgage-backed securities.
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Denmark’s Danske Bank, the country’s largest, borrowed DKK15 billion ($2.69 billion) in the first round of the Danish Central Bank’s long-term financing fund out of a total DKK18.9 billion ($3.39 billion) disbursed.