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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Complying with higher capital requirements will force European banks to come up with an estimated EUR200 billion ($260 billion) in additional funds or cut their balance sheets by around 17%, according to the Boston Consulting Group.
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Fitch Ratings has downgraded five European banks, mainly because of their exposure to troubled euro zone countries through their subsidiaries.
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KfW said that it will focus on supporting the securitization of small and medium-size enterprise financing in 2012.
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Sir Fred Goodwin, former ceo of Royal Bank of Scotland, could face criminal charges after a report by the U.K. Financial Services Authority stated that the bank’s directors may have violated the country’s accounting laws.
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Lloyds Banking Group has tapped the Co-operative Group as preferred bidder for the more than 630 of its branches it is required sell as one of the terms of its 2008 bailout.
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Crédit Agricole is said to be planning to cut between 2,400 and 2,500 jobs next year, with most of them in corporate and investment banking.
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Antonio Horta-Osorio, ceo of Lloyds Banking Group, is set to return from a two-month sick leave Jan. 9, though some of his responsibilities will be delegated to other senior managers.
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Residential mortgage-backed securities trader Eric Daouphars has left Citadel Securities to join brokerage and investment banking firm Stifel Nicolaus in the non-agency space.
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Commerzbank says it is considering a transfer of part or all of the assets of its Eurohypo unit to a bad bank within SoFFIn, the German bank rescue fund.