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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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Bad assets at more than 8,000 U.S. banks surged 149% in 2008, when the financial crisis began, according data from the Federal Deposit Insurance Corp. analyzed by Msnbc.com and the Investigative Report Workshop at American University.
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Ben Bernanke, chairman of the Federal Reserve, said in the central bank’s first-ever news conference that its bond-buying program will conclude at the end of June as originally planned.
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AIG Financial Products has filed suit against ICP Asset Management, charging fraud in connection with collateralized debt obligations.
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Jefferies has hired Amin Arjomand as a managing director and Nathaniel Morse as managing director and senior v.p. in distressed sales.
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Originators of asset-backed securities and investors form across Europe have formed The Market Group to coordinate the creation of a European ABS data warehouse.
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Jefferies has expanded its European real estate investment-banking team with the hiring of Michael Old as managing director.
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Santander has seen its gross-lending market share in the U.K. drop to 14.4% in the first quarter compared to 20% a year earlier.
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Ben Bernanke, chairman of the Federal Reserve, said the central bank will continue reinvesting proceeds from maturing mortgage-backed securities to help maintain its balance sheet even after the bond purchase program ends in June.
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Standard & Poor’s has stress tested mortgage-backed securities rated CCC or lower, or not rated.