Latest news
Latest news
Magnetar and Chorus Capital lose experienced pros
Vida Bank is also building up its funding team
Bank’s relationship with SpringCash is ‘commercial’
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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.
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Citigroup is planning to reduce its global workforce by 4,500, or 1.7%, in an effort to lower costs in the wake of unprecedented market conditions and sluggish revenue.
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The Federal Housing Finance Agency has named Manoj Singh as principal risk examiner for Fannie Mae and Freddie Mac.
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Lloyds Banking Group is said to have selected private equity firm Lone Star as preferred bidder for a £1.6 billion ($2.14 billion) portfolio of U.K. commercial property debt.
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Denmark’s Nykredit Bank is benefiting from the large-scale deleveraging by its rivals.
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Lord Jacob Rothschild’s RIT Capital Partners is exploring investments in distressed European banks.
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Craig Sedmak is said to have departed from RBS Greenwich Capital as head of commercial mortgage-backed securities trading.
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JPM Names Consumer-Banking CFO JPMorgan Chase has named David Owen cfo for consumer banking.
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Silverstein Properties, the development of the new Seven World Trade Center in New York, is considering an estimated $550 million refinancing that could include roughly $425 million in securitized debt and the balance in Liberty bonds.