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Latest news
Deal raises questions about whether transaction was done at arm's length
Joanna Chan is taking on the role of head of strategic capital
Key points of contention include the investor sanctions regime and the definition of 'resilience'
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Bank of America is said to be considering bankruptcy for its Countrywide Financial unit if losses from litigation against the troubled lender could hurt the parent company.
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Deutsche Bank is losing a second top securitization staffer with the departure of Cyril Courbage as managing director and head of European real estate.
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Proposed financial regulations by the Independent Commission on Banking have prompted Santander to postpone an initial public offering of 20% of its U.K. operations until 2013 at the earliest.
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DBRS has expanded its European structured finance group with the hiring of David Sánchez Rodríguez as an assistant v.p., focusing on Spain and Germany.
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Collateralized loan obligation veteran Paul Travers has joined Onex Credit Partners as a portfolio manager focusing on the firm’s par and long-only loan strategies.
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John Mack will step down as chairman of Morgan Stanley at the end of the year, but will remain with the firm in a part-time capacity as a senior adviser.
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Executives at Two Harbors Investment Corporation, a real estate investment trust, aren’t worried about new rules proposed by the Securities and Exchange Commission that threaten to wipe away the sector’s coveted tax exemption and ability to lever.
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Antonio Torio, chairman of the European Covered Bond Council, has called for improved transparency and labeling of covered bonds to ensure the market’s future health.
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UBS said it lost an estimated $2 billion as a result of authorized deals conducted by trader Kweku Adoboli.