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
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Lloyds Banking Group has joined Green Property to recover the value of as much as €1 billion ($1.42 billion) of distressed properties backed by debt from the troubled lender.
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The Federal Reserve is said to be working on capital standards for U.S. banks that will not be stricter than those adopted for global institutions by the Basel Committee for Banking Supervision.
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The U.S. Securities and Exchange Commission has filed suit against Stifel Nicolaus, charging the broker with defrauding five Wisconsin school districts by selling synthetic collateralized debt obligations that were “unsuitably risky and…largely with borrowed money.”
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Nomura International has hired Jean-Marc Alexis as a structured products solutions specialist.
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CEMEX has announced the roll-over of its accounts-receivable securitization in Mexico.
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Fitch Ratings has lowered the ratings on four classes of commercial mortgage-backed securities issued in 2002 by JPMorgan Chase because of potential losses linked to specially serviced loans and loans that were unlikely to refinance when they mature.
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The U.S. Department of Justice is investigating Citigroup’s mortgage origination, servicing, sale and securitization practices, according to the bank’s regulatory filing with the U.S. Securities and Exchange Commission.
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Bank of New York Mellon said it will reduce its workforce by 3%, or 1,500 jobs, as expenses have outpaced revenue.
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Fannie Mae has agreed to buy part of Bank of America’s home mortgage portfolio as the bank works to unload assets and reduce its exposure in the sector.