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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
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Massachusetts has fined State Street Global Advisors $5 million for not telling investors the role hedge fund Magnetar Capital played in the creation of a $1.56 billion hybrid collateralized debt obligation known as Carina CDO.
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Seth Waugh is stepping down as ceo of Deutsche Bank’s North American operations after 11 years.
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The U.K.’s Asset Protection Agency says the Royal Bank of Scotland is still scheduled to exit the nation’s Asset Protection Scheme this year.
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Banco Santander is expanding its presence in Poland with the acquisition of Kredyt Bank from KBC Groep to make it the country’s third-largest lender.
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Société Générale Corporate & Investment Banking is preparing to sell EUR1.8 billion ($2.41 billion) in European performing loans to help raise its core tier 1 ratios.
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Chicago-based LaSalle Investment Management has named Roberto Carrera as head of European financing.
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HSBC is planning to claw back bonuses from executives of its NHFA unit after the bank was fined a record £10.5 million ($16.6 million) over the misselling of long-term care bonds to the elderly.
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Aldermore Bank and Shawbrook Bank, which formed since the start of the crisis of 2008, have criticized the British government’s new £20 billion ($31.62 billion) credit guarantee scheme aimed at easing the flow of money to small business, saying it will fall short of its goals as it will make credit cheaper but won’t make it more available.
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The Royal Bank of Scotland and Lloyds Banking Group have indicated they will seek EUR5 billion ($6.7 billion) and EUR10 billion ($13.4 billion), respectively from the European Central Bank’s long-term refinancing operation in its latest round, scheduled for Feb. 29.