Latest news
Latest news
Vida Bank is also building up its funding team
Bank’s relationship with SpringCash is ‘commercial’
Stefan Jost will take over the role
More articles
More articles
-
Wells Fargo spent $7.8 million on in-house lobbyists to influence mortgage regulations, ahead of JPMorgan Chase, Citigroup, Bank of America, Goldman Sachs and Morgan Stanley. .
-
The Canadian federal government’s measures to cool the nation’s housing market with tougher mortgage regulations has worried banks, with Royal Bank of Canada and Toronto-Dominion Bank warning that the rules could ultimately hurt the economy if they are left in place too long.
-
French Prime Minister Jean-Marc Ayrault told lawmakers that French banks will need to separate their speculative activities to better service the economy.
-
Ally Bank is exiting warehouse lending and expects to wind down the business by the end of the year.
-
Bob Diamond and Jerry del Missier have resigned as ceo and coo, respectively, at Barclays following the bank’s settling with regulators over alleged manipulation of the London Interbank Offered Rate.
-
GE Capital is selling its business property lending division to EverBank Financial in a deal valued at $2.51 billion.
-
UBS has completed a securitization of a portion of its derivatives counterparty exposure, while Credit Suisse is said to be considering the same as a way to boost capital.
-
The European Bank for Reconstruction and Development has announced that it has committed up to US$50 million through a structured debt instrument to ZAO Raiffeisenbank, the Russian subsidiary of Austria’s Raiffeisen Bank International.
-
The European Securities and Markets Authority has launched an investigation of Standard & Poor’s, Fitch Ratings and Moody’s Investors Service to determine whether the process they use for evaluating banks is sufficiently rigorous and transparent.