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
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Santander is said to have named Morgan Stanley Real Estate as its preferred bidder for a EUR3 billion real estate portfolio, ahead of consortium of Goldman Sachs and Cerberus Asset Management.
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The U.K. government has sold Northern Rock to Virgin Money £747 million ($1.2 billion).
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Antonio Borges has resigned as head of the International Monetary Fund’s European unit “for personal reasons,” a year after assuming the position, according to the IMF.
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BNP Paribas is planning to reduce its corporate and investment-banking units by 1,400 jobs, or about 6.5% of its work force, taking aim at the capital markets and structured finance businesses.
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Société Générale has said it will cut several hundred jobs in its corporate and investment banking unit next year to help it meet higher capital requirements.
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The Federal Reserve Bank of New York announced that it will raise margin requirements on 21 primary dealers in mortgage-backed securities transactions.
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Brian Moynihan, ceo of Bank of America, says the bank is developing the framework for mortgage lending market without government-sponsored enterprises.
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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.