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
-
Credit Suisse has announced that it plans to repurchase about CHF 4 billion ($4.38 billion) in outstanding securities to meet tougher capital requirements imposed both by the Swiss government and the Basel Committee on Banking Supervision.
-
Germany’s Commerzbank says it plans to raise its core Tier 1 capital by EUR776 million ($1.02 billion) in the first half of the year by exchanging an estimated 361 million new shares for debt securities that have an aggregate principal amount of EUR965 million ($1.32 billion).
-
HSBC Holdings stands to lose £18 billion ($28.57 billion) of its value, thanks to a new U.K. levy imposed on banks and legislation that would force banks to ring-fence their retail banking operations, according to Stuart Gulliver, new group ceo.
-
ING DiBa AG, ING Groep’s direct and retail banking unit in Austria and Germany, plans to launch a benchmark-size seven-year covered bond denominated in euros, in the near future, depending on market conditions.
-
David Tibbals, the longtime head of Citigroup’s commercial mortgage lending business, has joined New York-based broker-dealer Amherst Securities as senior managing director, according to sister publication Real Estate Finance Intelligence.
-
Barclays borrowed EUR8.2 billion ($10.82 billion) from the European Central Bank through its long-term refinancing operation, the first time the U.K. bank did so after passing up the initial round in December.
-
JPMorgan Chase confirmed that the bank, like Goldman Sachs and Wells Fargo, has received a Wells notice from the U.S. Securities and Exchange Commission, indicating a possible enforcement action against it relating to mortgage-backed securities.
-
Fannie Mae has countered claims made by Bank of America earlier in February that it stopped selling mortgages to the government-sponsored enterprise because of a dispute in a repurchase policy.
-
The Federal Reserve reports that it made a profit of $2.8 billion from its sale of $19.5 billion in mortgage-backed securities issued by American International Group. Credit Suisse bought a portion of the Maiden Lane II portfolio in January.