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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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Citigroup, JPMorgan Chase and SunTrust Bank have interpreted the Federal Reserve’s proposed capital regulations as a capital event that can trigger the redemption of more than $15 billion of trust preferred securities in July.
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Bank of America has leaped ahead of JPMorgan Chase as the biggest lender to the commodities industry in the first five months of 2012, according to Bloomberg data. Citigroup rose from fourth place to second and BNP Paribas plunged from second to 17th, while combined lending to the industry fell 16% from a year ago.
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BlackRock To Launch European CRE Fund BlackRock is planning to launch a fund to make direct loans to European commercial property developers as banks in the region have slowed their lending.
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The Swiss National Bank for the first time has singled out Credit Suisse for requiring a “marked increase” in capital this year and not UBS, though it also recommended UBS take steps to shore up its capital.
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The move toward fixed-note issuance in European asset-backed securities linked to automobile loans is a “welcome development,” reinforcing a trend for structural simplicity, according to Fitch Ratings.
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Goldman Sachs is said to be raising $518 million for a collateralized loan obligation managed by Credit Suisse Asset Management.
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Vancouver, B.C.-based Forum National Investments has announced plans to launch a US$9 million convertible securitized bond backed by senior U.S. life settlements, said to be an industry first.
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The Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency have adopted higher capital requirements proposed by the Federal Reserve, but two new FDIC board members,
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Morningstar has released the methodology it will use to rate residential mortgage-backed securities.