Latest news
Latest news
PAG also hires new vice president
Agreement on the EU package could run to December, senior lawyer told conference
Octopus Electric Vehicles has also added to its capital markets team
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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.
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Cantor Fitzgerald has launched coverage of the U.S. real estate investment trust sector with a team made up mainly of professionals formerly with FBR Capital Markets.
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Lloyds Banking Group has announced management changes that were hinted at last week by Antonio Horta-Osorio, ceo.