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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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RBS Securities has hired Pat Beranek as a managing director on its asset-backed securities trading desk where he will be responsible for trading non-mortgage ABS.
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BNP Paribas has revealed details of its funding structure as a way to calm jittery investors.
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HSBC Holdings said it plans to slash an estimated 3,000 jobs in Hong Kong over the next three years as it takes steps globally to reduce costs and boost profitably.
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James Campbell, former director of servicer oversight at Deutsche Bank, has left for a new post at Vericrest Financial, the renamed servicing arm of CIT Group.
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MBIA has agreed to pay $68 million to settle lawsuits brought by investors charging the bond insurer with misleading shareholders about its exposure to mortgage-backed securities.
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Bank of America has ousted Joe Price and Sallie Krawcheck as heads of consumer banking and wealth management, respectively, as part of CEO Brian Moynihan’s plan to streamline management.
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International law firm Walkers has formed an insurance-linked securities group, which will advise clients on legal and practical aspects of trading, financing and securitizing risk involving Cayman Islands and Irish entities.
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Belgian’s proposed covered-bond legislation is expected to be released by the end of November, according to Ivan Peeters of the Brussels law firm Stibbe, one of the attorneys working on the draft measure for the past two years.
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Frank Byrne has left UBS as global head of securitization.