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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Société Générale is said to be selling $600 million in commercial real estate loans to Macquarie Group.
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Maureen Miskovic has left as chief risk officer at UBS, which she joined in January from State Street.
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Assured Guaranty has added JPMorgan Chase as a defendant in its lawsuit against Bear Stearns for allegedly misrepresenting the due diligence on mortgage-backed securities it sold.
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The Federal Reserve Board has named Michael Gibson to succeed the retiring Patrick Parkinson as director of the Division of Banking Supervision and Regulation, effective Jan. 1.
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The Federal Housing Finance Agency has appointed Richard Hornsby as its coo, replacing Steve Cross, who has been serving in that capacity as well as deputy director of the Division of Federal Home Loan Bank Regulation for the past 10 months.
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Cantor Fitzgerald is planning a sale of $775 million in commercial mortgage backed securities, with roughly 15% of the loans in the deal originating from Column Financial, a defunct unit of Credit Suisse.
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Société Générale has launched a EUR500 million ($667.4 million) sale of distressed European property loans issued before 2007, which are expected to take a 50% haircut on their original face value.
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Allied Irish Banks is looking to unload EUR1.1 billion ($1.47 billion) in commercial property loans in Ireland, half of which are said to be distressed, and EUR 300 million ($400.4 million) in residential loans.
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Lloyds Banking Group is considering lightening the work load of Antonio Horta-Osrio, its ceo, who is currently on sick leave, by possibly hiring a coo and assigning more duties to a group of senior directors.