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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Bank of America has decided to close its correspondent-lending unit by the end of the year after negotiations with Fortress Investment Group broke down.
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The Bank of England’s Financial Policy Committee has urged U.K. banks to resist dropping capital and liquidity levels in an effort to boost the credit supply.
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A deal between the Royal Bank of Scotland and The Blackstone Group to clear some of the soured property loans from the bank’s balance sheet appears in danger of falling apart.
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StormHarbour Securities has hired Paulo Gray as a principal and managing director in London, where he will head fixed income sales and trading, structuring and advisory, and capital markets for the Iberian region.
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JPMorgan Chase is said to have completed its sale of $1 billion in commercial mortgage-backed securities after it had difficulty finding buyers for the riskier tranches.
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Morgan Stanley Mortgage Capital Holdings has agreed to pay the state of Nevada $7.2 million to settle charges that the firm engaged in deceptive practice in connection with purchasing and securitizing some 3,000 subprime mortgages in the state.
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A federal judge in Columbus, Ohio, has dismissed a lawsuit brought by five state employee pension funds against Standard & Poor’s, Moody’s Investors Service and Fitch Ratings over their ratings of mortgage-backed securities.
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Deloitte & Touche has been slapped with two lawsuits for failing to detect fraud through its audits of Taylor Bean Whitaker, the defunct mortgage lender.
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Goldman Sachs is said to be preparing for deeper cuts and more layoffs than earlier projected as it expects its third-quarter report to be one of the worst since going public in 1999.