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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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Brian Salyards has left Deutsche Bank Berkshire Mortgage to join Prudential Mortgage Capital as part of Prudential’s efforts to build out its multi-family originations arm, according to officials from Prudential’s origination team.
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Deutsche Bank is offering $191.3 million in commercial mortgage-backed securities tied to loans on malls in Florida and Nebraska, according to Bloomberg data.
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The mortgage-backed securities division of the Depository Trust & Clearing Corp.’s Fixed Income Clearing Corp. has filed an application with the U.S. Securities and Exchange Commission to provide central counterparty and pool netting services for trades in U.S. mortgage-backed securities. .
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The Dutch Stichting Pensioenfonds retirement plan has filed suit against JPMorgan Chase, charging the investment bank allegedly violated securities laws in its sales of residential mortgage-backed securities.
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Washington Mutual is engaged in “nonstop” mediation that may resolve its three-year bankruptcy in February, according to Brian Rosen, an attorney for the bank.
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ING Groep has offered to buy back and exchange EUR5.8 billion ($7.7 billion) of subordinated debt in an effort to meet higher capital requirements.
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Antonio Horta-Osorio has said he is prepared to return to his job as ceo of Lloyds Banking Group, but investor skepticism over his readiness is said to have prompted the bank’s board to put him through a thorough vetting process as if he were first applying for the position.
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RBC Dexia Investor Services has named Guy d’Abrand as head of securities lending in the firm’s London office, effective next month.
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HSBC says it will review sales of asset-backed securities to the elderly as far back as 1991 after the bank was hit with a hefty fine for miss-selling the securities to such customers.