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
More articles
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Deutsche Bank says its exposure to distressed Spanish real estate, including bad loans, repossessed property and mortgages, has reached EUR8.7 billion ($11.02 billion).
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Three Turkish banks have tapped UniCredit Menkul Degerler to sell covered bonds for them in 2012.
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Clydesdale Bank and Yorkshire Bank have announced they are pulling out of commercial real estate lending, though they will continue to operate in the residential market.
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Apollo Commercial Real Estate Finance has retained Wells Fargo to refinance all of its outstanding debt under the Federal Reserve Bank of New York’s term asset-backed securities loan facility program.
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The Consumer Financial Protection Bureau has issued mortgage origination examination procedures, a guide for field examiners looking at mortgage originators in both the bank and nonbank sectors of the industry.
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Goldman Sachs has promoted Isabelle Ealet, its global head of commodities, to co-head its securities division with Pablo Salame and Harvey Schwartz.
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Citigroup has suspended plans to sell OneMain, its consumer lending unit, until market conditions improve, according to Fitch Ratings.
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Foreclosure filings fell 34% in 2011, with overall foreclosure activity down 33% from 2009 and 19% from 2008, according to RealtyTrac.
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Bank-risk professionals expressed concern over potential rising student-loan delinquencies, according to FICO.