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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Nationwide Building Society is launching a euro-denominated covered bond, in addition to a prime residential mortgage-backed securitization.
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Dexia is said to be in advanced talks with a potential buyer for its Luxembourg branch, according to Luc Frieden, the country’s finance minister.
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A U.K. tax tribunal has affirmed a valuer’s judgment and ruled that investors in Northern Rock were not entitled to any compensation for losses they suffered after the British government nationalized the troubled mortgage lender in February 2008.
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UBS has admitted that it failed to take action once it uncovered evidence of authorized trading, which led to losses of $2.3 billion at the Swiss bank.
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David Kaplan, head of residential mortgage-backed securities trading at PrinceRidge, was let go yesterday, reportedly as part of cuts on the securitization side of the business as the two-year-old group looks to focus instead on corporate financing. Kaplan could not be reached for comment.
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Agency residential mortgage-backed securities veteran Greg Reiter has left the Royal Bank of Scotland.
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The French and Belgian governments have agreed to provide guarantees to Dexia’s new bad bank to protect depositors and its municipal lending business.
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Valcour Capital Management has hired John D’Angelo to head its bank debt group.
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Bank of America has decided to close its correspondent-lending unit by the end of the year after negotiations with Fortress Investment Group broke down.