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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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KfW said that it will focus on supporting the securitization of small and medium-size enterprise financing in 2012.
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Sir Fred Goodwin, former ceo of Royal Bank of Scotland, could face criminal charges after a report by the U.K. Financial Services Authority stated that the bank’s directors may have violated the country’s accounting laws.
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Lloyds Banking Group has tapped the Co-operative Group as preferred bidder for the more than 630 of its branches it is required sell as one of the terms of its 2008 bailout.
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Crédit Agricole is said to be planning to cut between 2,400 and 2,500 jobs next year, with most of them in corporate and investment banking.
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Antonio Horta-Osorio, ceo of Lloyds Banking Group, is set to return from a two-month sick leave Jan. 9, though some of his responsibilities will be delegated to other senior managers.
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Residential mortgage-backed securities trader Eric Daouphars has left Citadel Securities to join brokerage and investment banking firm Stifel Nicolaus in the non-agency space.
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Commerzbank says it is considering a transfer of part or all of the assets of its Eurohypo unit to a bad bank within SoFFIn, the German bank rescue fund.
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Swedbank is planning to reduce its work force by 600 divided evenly between Sweden and the Baltic region to lower costs.
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Bond insurer MBIA and Morgan Stanley have reached a settlement that ends their two-year legal battle involving credit default swaps on commercial mortgage-backed securities and related suits.