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
More articles
More articles
-
BNP Paribas, Société Générale and Crédit Agricole have all taken steps to reduce the size of their U.S. operations.
-
StormHarbour has hired Aishwarya Dahanukar, a senior official in Nomura’s European financial institutions group debt capital markets origination team, in a similar position in London.
-
The performance of loans in Irish commercial mortgage-backed securities deteriorated sharply in October as the rate of loans 90 days or more delinquent climbed from 8.85% at the end of July to 10.14%, according to Moody’s Investors Service.
-
Lloyds Banking Group has sold more than £900 million ($1.41 billion) in mortgage-backed loans to Lone Star Funds, the U.S. private equity firm.
-
Reed Smith has hired Tamara Box as head of structured finance in the law firm’s financial industry group in London.
-
Royal Bank of Scotland is close to completing a deal with the Blackstone Group to offload control of £1.4 billion ($2.17 billion) of distressed mortgages, known as Project Isobel.
-
Barclays and hedge fund Angelo Gordon have asked a federal court to determine whether an estimated $600 million in outstanding commercial mortgage-backed securities defaulted.
-
The Basel Committee on Banking Supervision said conglomerates could not double count capital of both a bank parent and insurer toward meeting capital requirements in an accounting method known as consolidation.
-
The U.K.’s National Audit Office is investigating the sale of Northern Rock to Virgin Money after complaints that the deal is poor value for taxpayers.