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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Nomura Slashes European Bad Debt Nomura Holdings has reduced its European bad debt portfolio as well as the use of repo-to-maturity transactions backed by the debt.
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Italy’s Intesa Sanpaolo has named Enrico Cucchiani as managing director and ceo to succeed Corrado Passera, effective Dec. 22.
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Bob Diamond, ceo of Barclays, predicts there will be a wave of bank consolidations in Europe over the next 12 months as financial institutions focus on their stronger units and unload their weaker ones.
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Lloyds Banking Group has said David Roberts, its non-executive director, would become interim ceo in the event that the current chief, Antonio Horta-Osorio, extends his medical leave into next year.
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UBS is said to be considering shrinking its bonus pool to help recover some of the $2.3 billion it lost from unauthorized trading.
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Citigroup has sold the servicing rights for its $2.6 billion residential-loan portfolio to CWCapital.
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Phyllis Caldwell is leaving the Department of the Treasury and her position as head of the its Homeownership Preservation Office and the Home Affordable Modification Program Dec. 9.
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Standard & Poor’s says it will update its credit ratings for the world’s 30 largest banks and may downgrade some of them.
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Michael DePietro is said to have left his position as head of trading for non-agency residential mortgage-backed securities at Morgan Stanley.