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Banker had been at NatWest for three years
New hire to be US head of digital infrastructure finance for combined firm
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Lloyds Banking Group may is 632 branches after its effort to sell them attracted only one bidder despite reported interest from several others.
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The U.S. Securities and Exchange Commission’s recent decision to review the status of Real Estate Investment Trusts could signal a move to codify the exemptions and special privileges the REIT structure enjoyed—not the crackdown the industry fears—said Richard Ginn, managing director at Bank of America-Merrill Lynch.
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Investors at the ABS East conference said regulators are doing right by the industry in demanding increased transparency and reporting in the asset-backed securitization market, a move they say will put the market’s future on more solid footing. -
Assured Guaranty has filed suit against DLJ Mortgage Capital, a unit of Credit Suisse, over losses it suffered because of alleged misrepresentations about the quality of loans underlying six residential mortgage back securities.
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Bank of America has made a motion to disqualify the law firm of Quinn Emanuel Urquhart & Sullivan as counsel to American International Group in its lawsuit against the bank and other financial institutions over alleged misrepresentation of mortgage-backed securities.
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JPMorgan Chase now tops Bank of America as the nation’s largest bank in assets based on third-quarter earnings reports.
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Clayton Holdings has formed a new securitization group, which it says will “helping the private market prepare for the return of non-agency residential mortgage-backed securities.”
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A new mortgage plan being kicked around between big banks and regulators left ABS East attendees with plenty of questions.
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The Swiss Financial Market Supervisory Authority and the U.K. Financial Services Authority are launching a “comprehensive independent” investigation into the events surrounding $2.3 billion of losses at UBS as a result of unauthorized trades.
