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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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The European Central Bank said it stands to recover nearly all the EUR8.5 billion ($11 billion) in loans to Lehman Brothers.
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UBS is said to be planning to offer a $1.5 billion dollar-denominated covered bond, the first from a European borrower since Nordea Bank issued one in September.
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Commerzbank has expressed confidence it will be able to meet higher capital requirements by the June 30 deadline without resorting to state aid.
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US Bancorp and PNC Financial Services has indicated they are interested in joining the nation’s five largest mortgage servicers in a settlement of allegations that they engaged in improper foreclosures and abuses in originating and servicing loans.
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Jim Irvine, head of structured products and advisory at Henderson Global Investors, has been named to succeed Mitesh Sheth as head of fixed income.
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Deutsche Bundesbank is planning to sell EUR1.8 billion ($2.3 billion) of property loans it still holds following the collapse of Lehman Brothers.
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David Kotz is leaving as inspector general of the U.S. Securities and Exchange Commission at the end of this month after four years to join a private investigative services firm.
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The largest U.S. banks are returning to consumer lending to make up for lost revenue from in-house investment trading.
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The Bank of England has proposed forming an in-house committee that would monitor and assess the central bank’s process for making policy decisions that involve financial stability.