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
More articles
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Joseph Lau, managing director and head of non-traditional securitizations at RBC Capital Markets, has landed at New York-based Lord Capital after leaving the bank in January.
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Barclays has announced several senior appointments in its credit trading business, including the rehire of Shrut Kalra from Goldman Sachs to co-head European high grade on the derivatives side. -
Republicans keen to start dismantling US financial regulatory infrastructure have the director of the Consumer Financial Protection Bureau, Richard Cordray, in their sights. But removing him may not be straightforward.
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US president Donald Trump has fellow Republicans in Washington, DC fired up with his aggressive approach to government. Now they look to be planning an assault on the independence of the Federal Reserve and other bodies as they tear into post-crisis regulation, writes Sam Kerr.
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The chair of the European Banking Authority called on Monday for the establishment of an EU-wide asset management company to deal with non-performing loans, during a seminar held at the European Stability Mechanism's headquarters.
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UBS investment bank delivered a 54% increase in profit before tax in the final quarter of 2016, compared to the same period in the previous year, but the bank’s inventory-light approach meant it missed out on the post US election trading boom that has benefited US competitors.
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Royal Bank of Scotland announced on Thursday it was taking an extra $3.8bn provision related to its conduct in US RMBS underwriting, taking its total provision for that area up to $8.3bn. But it emphasised that it wasn’t in negotiation with the US Department of Justice over the settlement, and there could be much more to come.
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Claus Skrumsager, co-head of EMEA capital markets at Morgan Stanley, will join the firm’s investment management unit as portfolio manager and head of private structured credit solutions, a new role leading a team and fund which has yet to be established, but which is likely to involve deploying institutional capital into a wide range of illiquid assets.
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David Zhang, who headed securitized products modeling at Credit Suisse, has left the bank to join fixed income research and analytics firm MSCI.
