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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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Goldman Sachs is said to be raising $351 million for a collateralized loan obligation for Chicago-based Kramer Van Kirk Credit Strategies.
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The U.S. Federal Housing Finance Agency has revised its 2013-2017 strategic plan to incorporate goals set for Fannie Mae and Freddie Mac, including the creation of a mortgage securitization platform to replace the government-sponsored enterprises.
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Moody’s Investors Service has downgraded 26 Italian large and midsized banks to among the lowest ratings in European countries, with Banca Monte dei Paschi di Siena reduced to just above junk.
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The European Union’s Economic and Monetary Affairs Committee has postponed for the fifth time a vote on its mortgage directive.
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French banks may step up staff reductions following the election of Francoise Hollande as president, who has declared the world of finance as his main adversary.
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Nearly four out of 10 European investors believe a third long-term refinancing operation by the European Central Bank would be necessary to deal with banks’ funding problems, according to Fitch Ratings.
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JPMorgan Chase is said the few dozen staffers of the investment bank’s chief investment office are at risk of dismissal in the wake of the reported losses.
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The Royal Bank of Scotland may pass on the costs associated with ringfencing its retail operations from investment banking to business and retail customers, according Sir Philip Hampton, the bank’s ceo.
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Ally Financial has placed its Residential Capital unit in bankruptcy, and has agreed to sell ResCap’s mortgage-servicing assets to Nationstar for $2.5 billion.