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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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Eric Schneider, head collateralized loan obligation trader at Morgan Stanley, has left the firm for hedge fund Omega Advisors, according to an official with knowledge of the move.
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A slowdown in earnings poses a greater risk than liquidity for European banks, according to Deutsche Bank analysts.
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GE Capital has boosted its U.K. and cross-border structured asset-based lending team by hiring James Simeons as director of corporate originations and structuring.
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Bank of America could face another $9 billion of liability for bad mortgages if a New York judge decides a case in favor of bond insurer MBIA and requires the bank to buy back loans even if the problems in the mortgages did not result in a borrower’s default.
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Bank of America has appointed Ron Sturzenegger as head of Legacy Asset Servicing, the unit that handles delinquent loans, foreclosures and mortgage repurchases.
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Ally Securities is building up its presence in collateralized mortgage obligations, hiring away trader Bruce Graham from BNP Paribas and structurer Chris O’Bara from Normura Securities.
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U.S. District Judge Marian Pfaelzer has handed Bank of America a victory by consolidating eight lawsuits against the bank’s Countrywide Financial unit over mortgage-backed securities.
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Allstate Insurance has filed suit against Goldman Sachs for selling it more than $100 million worth of residential mortgage-backed securities that Allstate claims the investment bank knew were junk.
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Lloyds Banking Group has joined Green Property to recover the value of as much as €1 billion ($1.42 billion) of distressed properties backed by debt from the troubled lender.