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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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Repayment of loans in European commercial mortgage-backed securities slowed in April and may continue that trend this year, according to Fitch Ratings.
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Ireland’s National Asset Management Agency posted losses of €678 million ($1 billion) in the fourth quarter—compared with €35.5 million ($52.47 million) in the preceding three-month period as the bad bank took a €1 billion ($1.48 billion) charge to cover potential losses on the loans it acquired.
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More than 320 of Russia’s 900-plus banks failed recent stress tests, which analysts say may lead to a consolidation of the country’s banking sector.
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Lloyds Banking Group is selling its first portfolio of distressed property assets.
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Mervyn King, governor of the Bank of England, says passing the next round of stress testing by European regulators does not mean banks are automatically safe.
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Greg Medcraft, global head of securitization at Société Générale Corporate and Investment Banking, has been tapped as the new chairman of the Australian Securities and Investment Commission.
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Conflicts of interest between lenders and note holders in synthetic European commercial mortgage-backed securities structures may have a material negative impact on the loan workout process, according to Fitch Ratings.
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UBS and Credit Suisse are strong enough to handle stricter capital requirements proposed by the Swiss government than those adopted by the Basel Committee on Banking Supervision, according to Patrick Odier, president of the Swiss Bankers Association.
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Michael Wade, managing director and former co-head of asset finance at Credit Suisse, has left the firm.