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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Wedbush Securities has expanded its agency trading and sales team with the hiring of Stephen Strobel and Matthew Bonnerup.
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Santander is said to have named Morgan Stanley Real Estate as its preferred bidder for a EUR3 billion real estate portfolio, ahead of consortium of Goldman Sachs and Cerberus Asset Management.
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The U.K. government has sold Northern Rock to Virgin Money £747 million ($1.2 billion).
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Antonio Borges has resigned as head of the International Monetary Fund’s European unit “for personal reasons,” a year after assuming the position, according to the IMF.
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BNP Paribas is planning to reduce its corporate and investment-banking units by 1,400 jobs, or about 6.5% of its work force, taking aim at the capital markets and structured finance businesses.
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Société Générale has said it will cut several hundred jobs in its corporate and investment banking unit next year to help it meet higher capital requirements.
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The Federal Reserve Bank of New York announced that it will raise margin requirements on 21 primary dealers in mortgage-backed securities transactions.
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Brian Moynihan, ceo of Bank of America, says the bank is developing the framework for mortgage lending market without government-sponsored enterprises.
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The U.S. Federal Housing Administration has underestimated by tens of billions of dollars the default risk of its insured-loan portfolio, according to research by Joseph Gyourko, a real estate professor at the University of Pennsylvania’s Wharton School.