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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The U.K.’s Financial Services Authority has responded to a request to publish findings on failed banks bailed out by the government, saying it will release a report on HBOS but not on Bradford & Bingley.
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Nervous investors have forced Goldman Sachs and Citigroup to restructure $1.48 billion commercial mortgage-backed securities with better protection over concern that Standard & Poor’s ratings of the bonds did not accurately reflect the risk.
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Goldman Sachs said it will slash 1,000 jobs after revenue from trading debt, currencies and commodities plummeted 63% in the second quarter from the previous three-month period.
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RBS Securities has been hit by a second lawsuit by the National Credit Union Administration.
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Countrywide Financial and its parent, Bank of America, are facing another lawsuit for alleged misrepresentations about mortgage-backed securities sold by their affiliates.
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Aston Asset Management’s New ASTON/DoubleLine Core Plus Fixed Income Fund is planning to invest in mortgage-backed securities among other asset classes.
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Bank of America-Merrill Lynch is said to be considering a sale of some $40 billion of mortgage-servicing rights linked to loans issued by Freddie Mac.
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An estimated one-quarter of loans modified through Citigroup’s private programs have redefaulted over the past two years, according to John Gerspach, the bank’s cfo.
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The Royal Bank of Canada Capital Markets’ U.S. covered bond origination chief sees opportunity in overseas banks tapping U.S. investor appetite for covered bonds.
