Latest news
Latest news
Banker had been at NatWest for three years
New hire to be US head of digital infrastructure finance for combined firm
More articles
More articles
-
Maria Fekter, Austria’s finance minister, has ruled out creating a single bad bank to hold toxic assets for lenders that it has nationalized.
-
The Austrian government has put up for sale Kommunalkredit Austria, the bank it nationalized after acquiring it from Oesterreichische Volksbanken, with the hope of closing a deal by the middle of next year.
-
Natixis Asset Management has teamed up with AEW Europe to launch the Senior European Loan Fund, which aims to raise EUR500 million ($614.6 million) to invest in senior real estate loans, mainly in France, Germany and the U.K. Click here to read the story from Institutional Asset Manager.
-
Mitsubishi is launching a commercial mortgage-backed securitization business in the U.S. in a joint venture with Five Mile Capital Partners.
-
Google has tapped its stockpile of cash to invest large chunks of money into two recent asset-backed securitizations issued by Hyundai Capital America and Honda.
-
A former member of Thomson Reuters’ team involved with the London Interbank Offered Rate said the British Bankers’ Association, which sets LIBOR, was informed on a weekly basis in 2008 that the rate was being distorted.
-
The European Commission has approved the Spanish government’s plan to recapitalize its banks through the end of the year, finding that the program does not violate European Union competition regulations because the measures are “limited in time and scope and contain incentives to redeem the state participation.”
-
Nationwide has jumped ahead of the Royal Bank of Scotland as the third-largest mortgage lender in the U.K., behind No. 1 Lloyds Banking Group and Santander U.K., according to the Council of Mortgage Lenders.
-
Banco Santander reported a 93% plunge in profits in the second quarter after it needed to set aside EUR2.78 billion ($3.42 billion) to cover its exposure to toxic loans.