Latest news
Latest news
European and high yield chiefs to take the reins
Kevin Duignan to retire after 33 years, mainly in structured finance
First European buy now, pay later securitization expected next year
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SoFi chief executive Anthony Noto told delagates at the LendIt Fintech USA 2018 event in San Francisco on Monday that the online lending company will launch a suite of new products this year as it looks to compete with other tech firms that are wading into consumer credit. -
John Williams, president of the Federal Reserve Bank of San Francisco, will replace William Dudley as the next president of the Federal Reserve Bank of New York.
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The UK's political and financial classes are battered and tossed by Brexit. All the more reason why they should keep their sights on what will ultimately be a bigger issue: how to make finance sustainable.
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Barclays’ decision to carry on its legacy RMBS fight in 2016, rather than settle as Credit Suisse and Deutsche Bank did, has paid off handsomely, with a $2bn civil settlement for the bank and $2m for the two bankers at the centre of the suit announced last Thursday.
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Citi revealed its national digital banking strategy on Monday, with a goal of digitising its consumer banking business across lending, payments, investment and credit cards.
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JP Morgan has relocated a London-based senior ABS syndicate banker to Hong Kong.
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Former SoFi CEO Mike Cagney’s new online startup, Figure, which is looking to provide financing for home improvement loans and home equity lines of credit (HELOC), is looking to bring on at least 11 people, including a chief compliance officer.
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MUFG announced on Friday that it has hired Scott Rodman as managing director and head of structured solutions for the Americas.
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The European Central Bank (ECB) and the European Commission (EC) delivered a double whammy of non-performing loan (NPL) action this week, laying out how to amend bank capital rules to better deal with the problem and explaining how supervisors would treat loans going bad in future. Passing a credible package to deal with NPLs is a crucial step in getting northern member states comfortable with a full Banking Union.
