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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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V-Rooms says the U.S. Securities and Exchange Commission has found that its cloud-based Virtual Data Room complies with the SEC’s new regulation requiring arrangers of structured finance products to maintain a password-protected Web site where all information is available to outside nationally recognized statistical ratings organizations.
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The deadline for the independent audit of Spain’s financial sector has been pushed back from July 31 to September to give auditors more time to complete evaluations of the banks’ books.
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Hedge fund investor The Children’s Investment Fund is pressing U.K. Financial Services Authority to force Lloyds Banking Group to swap £10 billion ($15.65 billion) of contingent convertible debt, or CoCos, with ordinary shares, saying the CoCos have performed poorly in recent months.
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Fannie Mae and Freddie Mac completed nearly twice as many actions to prevent home foreclosures in the first quarter outside of the Home Affordable Modification Program than they did through HAMP, according to the U.S. Federal Housing Finance Agency.
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Eileen Rominger is retiring next month as director of the U.S. Securities and Exchange Commission’s Division of Investment Management.
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Gleacher & Co. Securities has expanded its mortgage-backed securities and rates division with the hiring of Adam Pace and Aaron Read as directors and Tai Vu as v.p.
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Lloyds Banking Group is said to considering floating its 632 branches as a new bank as prospects for a sale to Co-operative Bank appears to be fading.
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The U.S. Securities and Exchange Commission has appointed Thomas Butler as director of the newly created Office of Credit Ratings, effective June 18.
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The U.S. Federal Housing Finance Agency stated in its latest report to Congress that Fannie Mae and Freddie Mac posed “critical supervisory concerns in 2011.”