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
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UBS is planning to sell more loss-absorbing banks to help raise $16 billion to meet higher capital requirements after its first such offer sold $2 billion last week.
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Law firm Baker & McKenzie has picked up Christopher Horn as a partner in the firm’s securitization and structured finance practice in New York.
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A bankruptcy judge in Delaware has approved Washington Mutual’s plan for exiting bankruptcy and repaying creditors some $7 billion.
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The PrinceRidge Group has expanded its mortgage-backed securities team with the hiring of Kate Lee to head its new collateralized mortgage obligation effort and Jason Huey as a member of the MBS sales staff.
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Hungarian Central Bank’s decision to introduce a two-year collateralized credit facility, expand the range of eligible securities for repos, and propose a universal forint-denominated mortgage bond purchase scheme to ease bank liquidity pressures and reduce the risk of a credit crunch are credit positive, according to Moody’s Investors Service.
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Lloyds Banking Group has become the first U.K. bank to claw back bonuses from executives since the start of the financial crisis.
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The U.K.’s Financial Services Authority has fined Santander £1.5 million ($2.38 million) for failing to accurately communicate to customer confirm under which circumstances its structured products would be covered by the Financial Services Compensation Scheme.
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Citigroup has agreed to pay $158.3 million to settle claims that its CitiMortgage unit defrauded the federal government into insuring risky home loans it issued.
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UBS has suspended several traders, including some of its most senior ones, amid an investigation into alleged collusion to influence the London Interbank Offered Rate and its equivalents in Europe and Asia.