Latest news
Latest news
Blatter will be lead portfolio manager for BlackRock’s European CLO platform
Deal raises questions about whether transaction was done at arm's length
Joanna Chan is taking on the role of head of strategic capital
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European property investment fell 20% to EUR5.5 billion ($6.83 billion) in July from a year earlier, according to PropertyEU’s survey of reported transactions.
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Belgian bank and insurer KBC said it plans to issue its first covered bond under the country’s new legislation for the instruments before the end of the year or in the first quarter of next year.
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Germany’s Bayerische Landesbank has filed a lawsuit in Manhattan against Barclays, charging the U.K. bank misrepresented the underwriting standards for the loans that were packaged into mortgage-backed securities.
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Global lending growth slowed to 4% in 2011 and will likely slow to 3% this year, according to Fitch Ratings.
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Standard & Poor’s has revised the criteria it uses for rating commercial mortgage-backed securities that may result in higher ratings as it works to regain a foothold in the CMBS market.
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The U.S. commercial mortgage real estate market is expected to experience “continued slow and uneven improvement,” according to Fitch Ratings.
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Dutch pension fund Vervoer has filed a lawsuit in the U.K. charging that Goldman Sachs Asset Management acted negligently when it invested the fund’s money in subprime mortgage-backed securities in 2007, even as the Goldman Sachs’ proprietary desk was short-selling the MBS.
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Barclays is planning an overhaul of its bonus structure, which could include delaying the awards until staffers retire. The bank’s shareholders have already approved such a structure.
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Regulators are examining communications between Philippe Moryoussef, a former swaps trader at Barclays, and Rabobank over alleged manipulation of EURIBOR, the European Union’s interbank offered rate.