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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 Ukrainian government has designated Rodovid Bank to hold distressed assets exclusively from state banks through 2016.
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The Australian Office of Financial Management has been ordered to invest an additional A$4 billion ($4.21 billion) in top-rated residential mortgage-backed securities as part of its program to help small lenders.
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Market players in Europe have absorbed “soft costs” of compliance with the U.S. Securities and Exchange Commission’s 17-g5 in the 12 months since it rolled out in the U.S., according to Richard Hopkin, a managing director at the Association for Financial Markets in Europe.
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Mortgage securitization trailblazer Lewis Ranieri and economist Ken Rosen are calling for continued government influence in the housing and mortgage market to hasten the sector’s recovery.
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Nirjhar Jain has left as U.S. head of structured-products credit trading at Morgan Stanley.
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Investment banks, rating agencies and industry associations in Europe have blasted plans by the European Securities and Markets Authority to force non-E.U. credit rating agencies—and the ratings they give to financial instruments—to meet new, stringent requirements to be valid in the region.
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The International Monetary Fund says it supports giving European regulators the authority to cap loan-to-value ratios as a way of helping prevent housing-market bubbles.
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Wells Fargo, without admitting or denying the allegations, has agreed to pay $11.2 million to settle charges by the U.S. Securities and Exchange Commission that Wachovia Capital Markets acted improperly in the sale of collateralized debt obligations linked to residential mortgages.
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Commerzbank says it will repay to the German government €14.3 billion ($20.51 billion) of the €16.3 billion ($23.38 billion) it received in rescue funds in 2009.