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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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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.
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Swedbank is planning to reduce its work force by 600 divided evenly between Sweden and the Baltic region to lower costs.
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Bond insurer MBIA and Morgan Stanley have reached a settlement that ends their two-year legal battle involving credit default swaps on commercial mortgage-backed securities and related suits.