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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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Glen Moreno is planning to retire as deputy chairman and senior independent director of Lloyds Banking Group, effective in May.
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The Central Bank of Ireland has appointed Lars Frisell as director of economics and chief economist, effective June 1.
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Lloyds Banking Group reports that two-thirds of Irish property loans will unlikely be repaid in full, up from 53% at the end of 2010.
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The Royal Bank of Scotland reduced the size of its commercial real estate loan portfolio by 14% in 2011 for a total reduction of 25% over the past three years.
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Dire predictions of the implications for covered bonds of imminent US legislation may have been overblown, bankers and lawyers have told EuroWeek. They said that the proposed Volcker Rule may not hit covered bond structures that use SPVs, as industry bodies fear.
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Mandy Spink is said to be leaving as head of large complex U.K. banks at the Financial Services Authority.
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Iceland’s Aerion Bank has launched a EUR1 billion ($1.33 billion) covered bond program, the first in the country by a domestic lender since its banking crisis.
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The Royal Bank of Scotland has reported that losses nearly doubled last year to £2 billion, up from £1.1 billion in 2010.
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Deutsche Bank has priced its EUR500 million ($655.6 million) covered bond at 22 basis points above midswaps.