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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McGraw-Hill has acknowledged that it may face a civil injunctive action by the U.S. Securities and Exchange Commission over ratings awarded a collateralized debt obligation by its Standard & Poor’s Rating Services in 2007.
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The Internal Revenue Service and banks are engaged in a battle over taxes.
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The Office of the Inspector General of the Federal Housing Finance Agency says Fannie Mae was aware that attorneys representing the government-sponsored enterprise were filing false foreclosure-related documents but failed to act on it.
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RIFCO has raised its $30 million Securcor Trust Securitization Facility to C$50 million ($48.6 million), which the company says will allow the auto loans firm to securitize to C$50 million in total loans in 2011.
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Ranieri Real Estate Partners has teamed up with private equity funds affiliated with WL Ross to acquire Deutsche Bank Berkshire Mortgage.
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Bank of America is said to be in talks to sell its correspondent mortgage unit to National Mortgage Holdings, a unit of Fortress Investment Group.
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UBS has named Sergio Ermotti as interim ceo after the resignation Friday of Oswald Gruebel following the bank’s $2.33 billion loss from unauthorized trading.
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JPMorgan’s auto asset-backed securities banking team told SI they see the sector thriving despite ongoing market volatility, with deals pricing at record tights in the past week.
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Lehman Brothers Holdings has decided that it will not appeal a U.S. Bankruptcy Court ruling that upheld the sale of its North American business in 2008 to Barclays Capital.