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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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Goldman Sachs has named Jeffrey Verschleiser has been named global head of mortgage trading in a wave of management changes at the investment bank, which include the appointment of Justin Gmelich as global head of credit trading.
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British banks cannot face up to the failure of their banking models and the need to restructure, according to Mervyn King, governor of the Bank of England.
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The Basel Committee on Banking Supervision is scheduled to discuss at a meeting next week “some calibration points and technical calculations” to proposed liquidity regulations for banks without changing the fundamentals of the measure, according to Rene van Wyk, a member of the committee from South Africa.
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A group of investors are planning to file a suit against the Royal Bank of Scotland, claiming the prospectus for a rights issue in 2008, ahead of a government bailout, was misleading.
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Mortgage approvals in the U.K. plunged 21% in February from the preceding months with the end of the stamp duty for first-time buyers, according to e.surv Chartered Surveyors.
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Barclays stated in its annual report that it is in talks with global regulators about a “potential resolution” of possible enforcement proceedings for alleged manipulation of the London Interbank Offered Rate.
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Senior secured ratings of corporate property bonds issued by real estate investment trusts or property investment companies in Europe, the Middle East and Africa, could rise a single notch above their senior unsecured ratings because of their “protective features,” according to Fitch Ratings.
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Deutsche Bank is said to have borrowed between EUR5 billion ($6.55 billion) and EUR10 billion ($13.1 billion) in the latest round of the European Central Bank’s Long-Term Refinancing Operation, after its ceo, Josef Ackermann, had touted that passing up the first ECB offer in December made it attractive with many of its clients. .
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Wells Fargo is said to be preparing to offer at least $1 billion in commercial mortgage-backed securities next week, closely following a $1.1 billion CMBS from Morgan Stanley this week.