Latest news
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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Anglo Irish Bank will become AIB International Savings, effective Sept. 26.
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Nomura plans to reduce its European staff by 5%, and estimated 300 jobs, as its international business continues to post heavy losses since it acquired the non-U.S. businesses of Lehman Brothers Holdings in 2008.
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Bingham McCutchen has hired securitization partner Dan Passage away from O’Melveny & Myers to build out the firm’s Los Angeles branch and grow its bench in the esoteric asset-backed securities sector.
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BNP Paribas has followed the example of its French peer Société Générale in announcing a sale of some EUR70 billion ($95.5 billion) of risk-weighted assets to calm investors concerns about leverage and funding.
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Moody’s Investors Service has downgraded Société Générale and Crédit Agricole because of their exposure to the debt of Greece and other nations in the euro-zone.
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Bank of New York Mellon is said to have decided against putting up its Alcentra unit for sale.
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BMO Capital Markets has expanded its real estate investment-banking team with the hiring of Mark Decker as managing director and group head.
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The World Bank’s International Finance Corp. unit for the first time is investing in hedge funds, specifically placing $100 million in one that will provide cash to banks that experience unexpected losses from loans in exchange for a cut from the bank.
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Goldman Sachs has been given the green light to expand its collateralized loan obligation group in anticipation of a comeback in the sector, according to officials familiar with the matter.