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Banker had been at NatWest for three years
New hire to be US head of digital infrastructure finance for combined firm
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Market participants remain split on the likely effectiveness of the European Commission’s simple, transparent and standardised (STS) securitization proposals, with the potential for fragmented interpretation still seen as a key potential stumbling block for the plan.
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A syndicate banker who left RBS in October last year started at Wells Fargo this week.
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Credit Suisse reported a loss of Sfr6.44bn for the fourth quarter of 2015, as the bank’s restructuring ramped up and it crammed exceptional items into last year’s numbers. Like Deutsche Bank in the third quarter, a chunky goodwill writedown was the main culprit. But the bank also suffered from its exposure to leveraged loans.
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Barclays has cut a structurer from its primary ABS business in Europe, following last year's sweeping cuts to its secondary business.
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Dipesh Mehta, formerly of Barclays ABS research, has landed a staff job at UK peer-to-peer lending platform, Funding Circle.
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Capital market participants tend to keep their heads below the political parapet. Brexit is one issue they must not ignore. It would sabotage the City’s leadership in financial services and be an assault on the fabric of global governance.
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The European Commission’s consultation on the regulatory framework for financial services has revealed concerns that the implementation of ‘simple, transparent and standardised’ securitization requirements could starve European asset-backed commercial paper (ABCP) of vital money market fund investors.
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One of Lloyds Bank's most senior syndicate officials will switch jobs and run credit sales for the firm.
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The Basel Committee on Banking Supervision (BCBS) published its final version of new rules for trading assets at banks. The rules will push up market risk regulatory capital requirements by 40% – but are still far less punitive than the industry had feared, especially for the securitization market.