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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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Deutsche Bank says its exposure to distressed Spanish real estate, including bad loans, repossessed property and mortgages, has reached EUR8.7 billion ($11.02 billion).
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Three Turkish banks have tapped UniCredit Menkul Degerler to sell covered bonds for them in 2012.
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Clydesdale Bank and Yorkshire Bank have announced they are pulling out of commercial real estate lending, though they will continue to operate in the residential market.
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Apollo Commercial Real Estate Finance has retained Wells Fargo to refinance all of its outstanding debt under the Federal Reserve Bank of New York’s term asset-backed securities loan facility program.
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The Consumer Financial Protection Bureau has issued mortgage origination examination procedures, a guide for field examiners looking at mortgage originators in both the bank and nonbank sectors of the industry.
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Goldman Sachs has promoted Isabelle Ealet, its global head of commodities, to co-head its securities division with Pablo Salame and Harvey Schwartz.
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Citigroup has suspended plans to sell OneMain, its consumer lending unit, until market conditions improve, according to Fitch Ratings.
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Foreclosure filings fell 34% in 2011, with overall foreclosure activity down 33% from 2009 and 19% from 2008, according to RealtyTrac.
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Bank-risk professionals expressed concern over potential rising student-loan delinquencies, according to FICO.