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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Lloyds Banking Group is considering lightening the work load of Antonio Horta-Osrio, its ceo, who is currently on sick leave, by possibly hiring a coo and assigning more duties to a group of senior directors.
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Nomura Slashes European Bad Debt Nomura Holdings has reduced its European bad debt portfolio as well as the use of repo-to-maturity transactions backed by the debt.
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Italy’s Intesa Sanpaolo has named Enrico Cucchiani as managing director and ceo to succeed Corrado Passera, effective Dec. 22.
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Bob Diamond, ceo of Barclays, predicts there will be a wave of bank consolidations in Europe over the next 12 months as financial institutions focus on their stronger units and unload their weaker ones.
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Lloyds Banking Group has said David Roberts, its non-executive director, would become interim ceo in the event that the current chief, Antonio Horta-Osorio, extends his medical leave into next year.
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UBS is said to be considering shrinking its bonus pool to help recover some of the $2.3 billion it lost from unauthorized trading.
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Citigroup has sold the servicing rights for its $2.6 billion residential-loan portfolio to CWCapital.
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Phyllis Caldwell is leaving the Department of the Treasury and her position as head of the its Homeownership Preservation Office and the Home Affordable Modification Program Dec. 9.
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Standard & Poor’s says it will update its credit ratings for the world’s 30 largest banks and may downgrade some of them.