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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Dexia, the European municipal lender, has filed a lawsuit against Deutsche Bank over $1 billion in residential mortgage-backed securities it bought from the German bank.
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Federal Home Loan Banks in Boston, Chicago, Indianapolis, Pittsburgh, San Francisco and Seattle, along with TM1 Investors, are questioning the fairness of Bank of America’s proposed $8.5 billion settlement over soured mortgage-backed securities.
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Barclays, HSBC, Royal Bank of Scotland and Lloyds Banking Group have joined forces in opposing the ring-fencing of retail and investment banking as proposed by the U.K. government’s Independent Commission on Banking.
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EDHEC-Risk Institute has warned the European Union not to impose the so-called Tobin tax on financial transactions to help fund the E.U. budget.
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France’s OFI Asset Management has formed ZENCAP Asset Management, a new unit that will focus on the distressed-credit market.
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UBS and Credit Suisse are said to cutting 5,000 and 1,000 jobs, respectively.
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Royal Bank of Scotland is teaming up with The Blackstone Group to launch a £1.4 billion ($2.26 billion) U.K. commercial real estate loans fund.
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Sen. Barbara Boxer (D-Calif.) pitched her controversial mortgage refinancing plan to the Street on Tuesday, but analysts said that even if it is passed, it won’t start the refi wave investors fear.
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ING has asked the European Union’s General Court to revoke some of the provisions of its state-approved bailout, terms that the Dutch bancassurer has said were disproportionate compared with those imposed on other European banks receiving government rescue funds.