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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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The U.K.’s Financial Services Authority and the Bank of England have come under heavy criticism for proposing that domestic banks double the capital ratio adopted proposed the Basel Committee on Banking Supervision to 15% to 20%.
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Lloyds Banking Group is said to be looking to accelerate the sale of some 600 branches well before the 2013 deadline set by the European Union.
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Lloyds TSB has been sued by a group of investors over its merger with HBOS.
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Northern Rock plans to reduce its workforce by 680 jobs this year to help lower costs after reporting a loss of £232 million ($373.06 million) for 2010.
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The Central Bank of Ireland says banks undergoing stress testing will not be permitted to challenge the results.
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The CRE Finance Council has released a new set of market standards for commercial mortgage-backed securities.
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The Federal Reserve is said to be considering an auction for subprime mortgage-backed securities it holds from American International Group.
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A unit of Lehman Brothers Holdings has asked a bankruptcy judge to allow it to purchase more than $900 million of commercial loan-backed notes from Barclays’ Pine unit.
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Deutsche Bank has named Ben Solomon as head of secondary commercial mortgage-backed securities trading.