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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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.
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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.