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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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The UBS securitization team may be relocating to Manhattan soon, despite shelved plans for a larger move of the bank’s entire Stamford, Conn., outpost back into the city, according to officials familiar with the strategy.
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McGraw-Hill has acknowledged that it may face a civil injunctive action by the U.S. Securities and Exchange Commission over ratings awarded a collateralized debt obligation by its Standard & Poor’s Rating Services in 2007.
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The Internal Revenue Service and banks are engaged in a battle over taxes.
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The Office of the Inspector General of the Federal Housing Finance Agency says Fannie Mae was aware that attorneys representing the government-sponsored enterprise were filing false foreclosure-related documents but failed to act on it.
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RIFCO has raised its $30 million Securcor Trust Securitization Facility to C$50 million ($48.6 million), which the company says will allow the auto loans firm to securitize to C$50 million in total loans in 2011.
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Ranieri Real Estate Partners has teamed up with private equity funds affiliated with WL Ross to acquire Deutsche Bank Berkshire Mortgage.
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Bank of America is said to be in talks to sell its correspondent mortgage unit to National Mortgage Holdings, a unit of Fortress Investment Group.
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UBS has named Sergio Ermotti as interim ceo after the resignation Friday of Oswald Gruebel following the bank’s $2.33 billion loss from unauthorized trading.
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JPMorgan’s auto asset-backed securities banking team told SI they see the sector thriving despite ongoing market volatility, with deals pricing at record tights in the past week.