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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Crédit Agricole has announced plans to revise its financial model for its corporate and investment bank to allow it to continue engaging in project and trade finance in the face of higher capital requirements imposed by the Basel Committee on Banking Supervision. .
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La Française Real Estate Managers is preparing to roll out a EUR300 million ($394.8 million) senior debt fund to provide senior loans to core property assets in France.
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Standard & Poor’s shakeup of senior management has continued with the removal of managing Barbara Duka as head of commercial mortgage-backed securities.
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Eric Schneiderman, the attorney general of New York state, has filed a lawsuit against Bank of America, JPMorgan Chase and Wells Fargo for allegedly engaging in “deceptive and fraudulent” foreclosure practices through MERS, the national mortgage electronic registry system.
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U.S. District Judge Harold Baer of Manhattan has certified a class action against Goldman Sachs involving residential mortgage-backed securities it sold in 2006 and from which plaintiff investors claim they lost nearly $700 million.
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U.S. District Judge Mariana Pfaelzer of Los Angeles has dismissed a lawsuit brought by Allstate against Countrywide Financial over $700 million in losses from mortgage-backed securities sold by the firm now owned by Bank of America.
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Barclays is said to be considering slashing compensation for its 24,000-strong Barclays Capital wing by between 25% and 30%.
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Citigroup has announced that it is exiting wholesale mortgage lending and will instead devote more resources to correspondent and retail channels.
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Asset Management Fund has become the latest customer of JPMorgan Chase to sue the investment bank over residential mortgage-backed securities.