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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Goldman Sachs has sold its Litton Loan Servicing unit to Ocwen Financial for $264 million, much less than the $428 million Goldman paid for it in 2007.
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The U.S. Securities and Exchange Commission is said to be considering a public rebuke of Lehman Brothers rather than filing a lawsuit against the investment banks and its executives for actions that led to its collapse in 2008.
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Freddie Mac has announced that effective immediately adjustable rate mortgages will be eligible for securitization into K certificates, its multifamily mortgage-backed securities.
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Nearly three-quarters (73%) of trading executives financial firms in the U.S. and U.K. have begun implementing changes to their capital markets business and operations, even though there is uncertainty about the final rules, according to a study by the Economist Intelligence Unit for Capco.
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Gary Gensler, chairman of the U.S. Commodity Futures Trading Commission, said the CFTC and the U.S. Securities and Exchange Commission will provide guidance for parts of the Dodd-Frank Act before the July 16 deadline by which regulations are to completed.
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HSBC affiliate HSBC Trinkaus is talking with WestLB about buying its structured finance unit.
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Donald MacKinnon, former structured credit trading and asset finance chief at Nomura Securities has been hired by Cole Real Estate Investments to head high-yield portfolio management and to oversee strategy and new originations.
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Bank of Tokyo-Mitsubishi UFJ has appointed Osamu Muramoto to succeed Makoto Kobayashi as global head of syndicated finance.
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With nine new residential mortgage real estate investment trusts hitting the market, securing funding via initial public offerings has become a difficult task, according David Akre, principal at Whole Loan Capital.