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Latest news
Deal raises questions about whether transaction was done at arm's length
Joanna Chan is taking on the role of head of strategic capital
Key points of contention include the investor sanctions regime and the definition of 'resilience'
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More than 500 banks owe an estimated $146 billion in repayments to the Department of the Treasury for bail-out funds they received through the Troubled Asset Relief Program, according to the Special Inspector General of TARP.
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Mortgage servicers saw a 23% decline in income in the first quarter as the result of longer foreclosure timelines and regulatory crackdown on fees they charge, according to Lender Processing Services.
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The aggregate value of commercial real estate loans that collateralize mortgage-backed securities remained flat in March to 79.8%, down from 79.9% in the preceding month, according to DebtX.
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Bad assets at more than 8,000 U.S. banks surged 149% in 2008, when the financial crisis began, according data from the Federal Deposit Insurance Corp. analyzed by Msnbc.com and the Investigative Report Workshop at American University.
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Ben Bernanke, chairman of the Federal Reserve, said in the central bank’s first-ever news conference that its bond-buying program will conclude at the end of June as originally planned.
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AIG Financial Products has filed suit against ICP Asset Management, charging fraud in connection with collateralized debt obligations.
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Jefferies has hired Amin Arjomand as a managing director and Nathaniel Morse as managing director and senior v.p. in distressed sales.
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Originators of asset-backed securities and investors form across Europe have formed The Market Group to coordinate the creation of a European ABS data warehouse.
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Jefferies has expanded its European real estate investment-banking team with the hiring of Michael Old as managing director.