Latest news
Latest news
Key points of contention include the investor sanctions regime and the definition of 'resilience'
Magnetar and Chorus Capital lose experienced pros
Vida Bank is also building up its funding team
More articles
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Deven Sharma is stepping down as president of Standard & Poor’s Sept 12.
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Eric Schneider, head collateralized loan obligation trader at Morgan Stanley, has left the firm for hedge fund Omega Advisors, according to an official with knowledge of the move.
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A slowdown in earnings poses a greater risk than liquidity for European banks, according to Deutsche Bank analysts.
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GE Capital has boosted its U.K. and cross-border structured asset-based lending team by hiring James Simeons as director of corporate originations and structuring.
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Bank of America could face another $9 billion of liability for bad mortgages if a New York judge decides a case in favor of bond insurer MBIA and requires the bank to buy back loans even if the problems in the mortgages did not result in a borrower’s default.
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Bank of America has appointed Ron Sturzenegger as head of Legacy Asset Servicing, the unit that handles delinquent loans, foreclosures and mortgage repurchases.
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Ally Securities is building up its presence in collateralized mortgage obligations, hiring away trader Bruce Graham from BNP Paribas and structurer Chris O’Bara from Normura Securities.
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U.S. District Judge Marian Pfaelzer has handed Bank of America a victory by consolidating eight lawsuits against the bank’s Countrywide Financial unit over mortgage-backed securities.
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Allstate Insurance has filed suit against Goldman Sachs for selling it more than $100 million worth of residential mortgage-backed securities that Allstate claims the investment bank knew were junk.