Latest news
Latest news
Japanese bank poaches Barclays structured credit sales director
'The lessons of the financial crisis should not be forgotten,' spokesperson warns
The point of 'Simple, Transparent and Standardised' is that these deals are safe
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Cantor Commercial Real Estate has expanded its Newport Beach, Calif., office with the hiring of Kenneth Margala as a director focusing on loan origination and growing the firm’s business on the West Coast.
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Mortgage approvals by building societies and other mutuals soared 45% in the first half of 2012 from a year ago while gross lending climbed 38% during the same period, according to the Building Societies Association.
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Mortgage approvals in the U.K. fell to 44,192 in June, the lowest level since December 2010, according to the Bank of England. The figure was about 4,000 below economists’ forecast. Click here to read the story from Bloomberg.
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Antoine Cornut has left as head of flow-credit trading in the Americas and Europe at Deutsche Bank for a hedge fund.
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Rep. Barney Frank (D-Mass.) and Sen. Chris Dodd (D-Conn.), the architects of the bank reform act that bears their name, oppose breaking up big financial institutions, as recently supported by Sanford Weill, the for ceo of Citigroup, in an interview.
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JPMorgan Chase has made several management changes, including naming Todd Maclin and Gordon Smith co-ceos of consumer and community banking, which includes mortgage banking.
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Maria Fekter, Austria’s finance minister, has ruled out creating a single bad bank to hold toxic assets for lenders that it has nationalized.
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The Austrian government has put up for sale Kommunalkredit Austria, the bank it nationalized after acquiring it from Oesterreichische Volksbanken, with the hope of closing a deal by the middle of next year.
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Natixis Asset Management has teamed up with AEW Europe to launch the Senior European Loan Fund, which aims to raise EUR500 million ($614.6 million) to invest in senior real estate loans, mainly in France, Germany and the U.K. Click here to read the story from Institutional Asset Manager.