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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Jefferies has hired commercial mortgage-backed securities veteran Christian Janssen as managing director and head of commercial real estate debt capital markets in Europe.
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Australia’s Basis Yield Alpha Fund has filed suit against Goldman Sachs over losses it suffered from its investment in Timberworld 2007-1, the collateralized debt obligation sold by the investment bank.
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JPMorgan Chase denies charges by four collapsed corporate credit unions that it mislead them about the risks of mortgage-backed securities sold by the bank.
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Credit Suisse is said to be planning to slash an additional 1,000 on top of the 2,000 positions it has already announced would be eliminated.
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The Blackstone Group and Wells Fargo are said to have agreed to buy an estimated $600 million U.S. commercial property loans from Allied Irish Banks.
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Santander is said to have suspended plans for a sale of EUR2 billion in foreclosed assets after failing to attract high enough bids.
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The European Banking Authority rules that assign stricter risk weights to mortgage assets are hurting Nordic banks more than regulations in their respective nations.
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Nebraska-based outdoor retailer Cabela’s says its Credit Card Master Note Trust has completed the sale of $300 million of asset-backed notes, Series 2011-IV.
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BNP Paribas and Société Générale have picked up the pace of cuts in trading books to avoid having to rely on shareholders or government for help.