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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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The Federal Deposit Insurance Corporation’s premium capture reserve account could be short lived. The controversial proposal had the market scrambling late March, and officials are looking at ditching it.
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Investors are setting up real estate investment trusts in a bid to take advantage of the changing regulatory landscape, according to market officials.
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Bank of America has shuffled its compliance team, moving its global compliance risk boss to a post in the bank’s efforts to manage the continuing fallout from subprime loans it took on as part of its 2008 purchase of defunct mortgage firm Countrywide Financial.
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The European Banking Authority has set a core Tier 1 capital ratio of 5% for banks to pass the next round of stress tests, a level the EBA says is comparable to that in the U.S.
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Europe is expected to top the U.S. for the first time in the amount of distressed debt banks need to sell, according to Strategic Value Partners.
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Citigroup’s Australian unit has launched a A$760 million ($800.8 million) offer of residential mortgage-backed securities.
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The Dubai Department of Finance is planning a $800 securitization linked to future revenues from Salik, the emirate’s road-toll system.
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Henderson Global Investors is considering the launch of £250 million ($408.77 million) commercial property debt fund for later this year.
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Lloyds Banking Group is said to have hired McKinsey & Co. to advise it on assets sales and restructuring as it awaits a report next week from the Independent Commission on Banking.