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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Australia’s Basis Yield Alpha Fund has filed suit against Goldman Sachs over losses it suffered from its investment in Timberworld 2007-1, the collateralized debt obligation sold by the investment bank.
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JPMorgan Chase denies charges by four collapsed corporate credit unions that it mislead them about the risks of mortgage-backed securities sold by the bank.
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Credit Suisse is said to be planning to slash an additional 1,000 on top of the 2,000 positions it has already announced would be eliminated.
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The Blackstone Group and Wells Fargo are said to have agreed to buy an estimated $600 million U.S. commercial property loans from Allied Irish Banks.
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Santander is said to have suspended plans for a sale of EUR2 billion in foreclosed assets after failing to attract high enough bids.
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The European Banking Authority rules that assign stricter risk weights to mortgage assets are hurting Nordic banks more than regulations in their respective nations.
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Nebraska-based outdoor retailer Cabela’s says its Credit Card Master Note Trust has completed the sale of $300 million of asset-backed notes, Series 2011-IV.
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BNP Paribas and Société Générale have picked up the pace of cuts in trading books to avoid having to rely on shareholders or government for help.
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Wells Fargo Securities and RBS Securities are said to be preparing to offer $1 billion in commercial mortgage-backed securities tied largely to retail and hotel buildings.