Latest news
Latest news
Key points of contention include the investor sanctions regime and the definition of 'resilience'
Magnetar and Chorus Capital lose experienced pros
Vida Bank is also building up its funding team
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UBS is said to be planning to issue contingent capital bonds to help raise capital to meet higher core Tier 1 capital standards, following the example of Credit Suisse and Rabobank.
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Denmark’s Nykredit, the largest issuer of mortgage-backed covered bonds in Europe, is planning to hold auctions this month and in March to refinance 109 billion kroner ($19.3 billion) of the bonds.
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Only 7.6% of investors accepted an offer from Portugal’s Banco BPI to buy back covered bonds at a discount, apparently because of the small premium.
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Oklahoma—the only state to opt out of the $25 billion settlement between government officials and the nation’s five largest mortgage servicers—has reached a separate deal with the lenders.
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New York-based law firm Chapman and Cutler has hired six structured finance partners for its new Washington, D.C. office.
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U.S. Bank Global Corporate Trust Services named senior v.p. Tom Cubitt head of European corporate trust business in London.
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William Galvin, the secretary of the commonwealth of Massachusetts, has issued a subpoena to Bank of America relating to its role in two collateral loan obligations, which resulted in a $150 million in loss for investors.
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Joseph Smith, the North Carolina commissioner of banks, has been tapped to oversee the $25 billion settlement between government officials and major lenders over their foreclosure practices.
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Barclays is slashing bonuses at Barclays Capital, its investment banking unit, by 32% after it reported a 16% decline in full-year net income.