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Banker had been at NatWest for three years
New hire to be US head of digital infrastructure finance for combined firm
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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.
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The Federal Reserve is said to be pressing Bank of America to supply it with a contingency plan for how it will proceed if its financial situations worsens.
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Saba Capital Management is said to have hired Toby Maitland Hudson to be in charge of credit default swaps linked to commercial mortgage-backed securities and relative-value trades.
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Amsterdam-based Kas Bank has named Beta Steiner as the new head of securities lending.