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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Barclays, HSBC, Royal Bank of Scotland and Lloyds Banking Group have joined forces in opposing the ring-fencing of retail and investment banking as proposed by the U.K. government’s Independent Commission on Banking.
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EDHEC-Risk Institute has warned the European Union not to impose the so-called Tobin tax on financial transactions to help fund the E.U. budget.
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France’s OFI Asset Management has formed ZENCAP Asset Management, a new unit that will focus on the distressed-credit market.
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UBS and Credit Suisse are said to cutting 5,000 and 1,000 jobs, respectively.
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Royal Bank of Scotland is teaming up with The Blackstone Group to launch a £1.4 billion ($2.26 billion) U.K. commercial real estate loans fund.
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Sen. Barbara Boxer (D-Calif.) pitched her controversial mortgage refinancing plan to the Street on Tuesday, but analysts said that even if it is passed, it won’t start the refi wave investors fear.
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ING has asked the European Union’s General Court to revoke some of the provisions of its state-approved bailout, terms that the Dutch bancassurer has said were disproportionate compared with those imposed on other European banks receiving government rescue funds.
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Standard Chartered warns that bank reform proposed by the Independent Commission on Banking raises the risk of financial institutions failing.
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The U.K.-based law firm Linklaters has appointed Jim Rice, a structured finance and securitization partner, to succeed John Tucker as head of its finance and projects division.