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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The U.S. Federal Housing Administration has underestimated by tens of billions of dollars the default risk of its insured-loan portfolio, according to research by Joseph Gyourko, a real estate professor at the University of Pennsylvania’s Wharton School.
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Roy Chun has joined Freddie Mac Multifamily as asset management senior director of surveillance from the Federal Deposit Insurance Corporation.
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Moody’s Investors Service has placed Credit Suisse on review for a downgrade after Switzerland’s second-largest bank posted losses in investment banking and a decline in wealth management income.
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\Josef Ackermann has announced that he has decided not to accept the chairmanship of Deutsche Bank when he retires next may as ceo.
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UBS has named Sergio Ermotti as successor to Oswald Gruebel as ceo, effective immediately.
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Wyndham Worldwide has completed its $300 million Sierra Timeshare 2011-3 Receivables Funding LLC securitization.
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Alliance Data Systems has closed its $350 million World Financial Network Credit Card Master Note Trust.
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UBS and Citigroup are said to be teaming up to offer $750 million in commercial mortgage-backed securities, as early as next month.
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Ally Financial is said to be considering filing for bankruptcy protection for its Residential Capital unit as a way of limiting its exposure to the troubled mortgage lender.