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Vida Bank is also building up its funding team
Bank’s relationship with SpringCash is ‘commercial’
Stefan Jost will take over the role
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Moody’s Investors Service has downgraded 13 Italian banks, including UniCredit and Intesa Sanpaolo, the nation’s two largest, just two months after lowering the ratings on 26 of the country’s banks.
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Luis Maria Linde, the new governor of Bank of Spain, said banks too weak to survive on their own would be shut down, but Economy Minister Luis de Guindos said there are no plans to close any lenders.
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The U.K.’s Financial Services Authority has elevated David Lawton from acting head of its markets division to permanent head.
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London-based Revetas Capital Advisers has teamed up with Patron Capital Partners to invest up to EUR100 million ($121.8 million) in distressed real estate assets within the banking system of Central and Eastern Europe.
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Gleacher & Company Securities, the broker/dealer arm of investment bank Gleacher & Co., has continued its senior-level hiring push. -
The U.S. Securities and Exchange Commission has named Paul Beswick as the acting chief accountant in the SEC's Office of the Chief Accountant to serve in place of James Kroeker, who left the agency July 13.
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Wells Fargo earmarked $669 million in the second quarter to honor growing requests that it repurchase bad loans.
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Marcus Agius, the outgoing chairman of Barclays, suggested to employees in a memo that the U.K.’s bank’s dozen or so rivals named in connection with the scandal to manipulate the London Interbank Offered Rate will likely pay heavier penalties than the £290 million ($448.7 million) fine it received.
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Andrea Enria, chairman of the European Banking Authority, is pressing to make the core Tier 1 ratio 9% requirement for banks permanent, though it was originally designed to create a temporary buffer.
