Latest news
Latest news
Bank’s relationship with SpringCash is ‘commercial’
Stefan Jost will take over the role
Koning to leave in the next year
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RBS has settled with the Federal Housing Finance Agency over its underwriting of US RMBS, paying $5.5bn for the agency to withdraw its litigation, though it will receive $754m back under an indemnity. Much of the charge was already provisioned, meaning the bank will record an extra charge of only $196m in its second-quarter numbers.
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The European Commission on Monday announced that will consult with industry participants for a solution to the eurozone's non-performing loan issue, with an eye to developing a more efficient secondary market to move the paper off bank balance sheets. -
Cadwalader Wickersham & Taft has hired a former associate general counsel at Goldman Sachs for its securitization practice in Washington, DC.
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Barclays has poached a senior fixed income capital markets banker from Morgan Stanley as it reinvests funds into its corporate and investment bank.
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Online small business lender Funding Circle announced the hires of Joanna Karger and Richard Stevenson as the US head of capital markets and chief compliance officer respectively, as the platform looks to broaden its investor base.
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Securitizations issued by the two Italian banks in liquidation, Veneto Banca and Banca Popolare di Vicenza, are in limbo, with no word from the banks themselves or Intesa Sanpaolo, which is acquiring most of their good assets, about the fates of the deals. The most recent issues from the two banks were kept for use as repo collateral with JP Morgan but both banks have plenty of outstanding placed bonds, too.
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Vaibhav Piplapure, the head of EMEA asset finance at Credit Suisse, is following former CS solutions head Jerome Henrion to run M&G’s new consumer assets fund.
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Sei-Hyong Park, who formerly worked in Lehman Brothers' securitization division, is now at Property Assessed Clean Energy (PACE) platform Renew Financial.
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Cutting regulatory capital charges for green loans is one idea being considered by the EU’s High Level Expert Group on Sustainable Finance, which is due to make its first report on July 18.
