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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The Bank of England’s Financial Policy Committee has urged U.K. banks to resist dropping capital and liquidity levels in an effort to boost the credit supply.
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A deal between the Royal Bank of Scotland and The Blackstone Group to clear some of the soured property loans from the bank’s balance sheet appears in danger of falling apart.
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StormHarbour Securities has hired Paulo Gray as a principal and managing director in London, where he will head fixed income sales and trading, structuring and advisory, and capital markets for the Iberian region.
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JPMorgan Chase is said to have completed its sale of $1 billion in commercial mortgage-backed securities after it had difficulty finding buyers for the riskier tranches.
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Morgan Stanley Mortgage Capital Holdings has agreed to pay the state of Nevada $7.2 million to settle charges that the firm engaged in deceptive practice in connection with purchasing and securitizing some 3,000 subprime mortgages in the state.
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A federal judge in Columbus, Ohio, has dismissed a lawsuit brought by five state employee pension funds against Standard & Poor’s, Moody’s Investors Service and Fitch Ratings over their ratings of mortgage-backed securities.
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Deloitte & Touche has been slapped with two lawsuits for failing to detect fraud through its audits of Taylor Bean Whitaker, the defunct mortgage lender.
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Goldman Sachs is said to be preparing for deeper cuts and more layoffs than earlier projected as it expects its third-quarter report to be one of the worst since going public in 1999.
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The UBS securitization team may be relocating to Manhattan soon, despite shelved plans for a larger move of the bank’s entire Stamford, Conn., outpost back into the city, according to officials familiar with the strategy.