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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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Wyndham Worldwide, the hospitality corporation, has completed a term securitization involving the issuance of $400 million of investment-grade asset-backed notes.
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Allstate has filed lawsuits against at least seven financial institutions and their affiliates over some $2.78 billion in mortgage-backed securities they sold.
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The Office of the Comptroller of the Currency has warned banks of companies that have begun offering programs that would allow them to reduce their non-performing assets by exchanging other real estate owned (OREO) for an interest in another asset purported to be performing.
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The U.K.’s Financial Services Authority and the Bank of England have come under heavy criticism for proposing that domestic banks double the capital ratio adopted proposed the Basel Committee on Banking Supervision to 15% to 20%.
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Lloyds Banking Group is said to be looking to accelerate the sale of some 600 branches well before the 2013 deadline set by the European Union.
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Lloyds TSB has been sued by a group of investors over its merger with HBOS.
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Northern Rock plans to reduce its workforce by 680 jobs this year to help lower costs after reporting a loss of £232 million ($373.06 million) for 2010.
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The Central Bank of Ireland says banks undergoing stress testing will not be permitted to challenge the results.
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The CRE Finance Council has released a new set of market standards for commercial mortgage-backed securities.