Latest news
Latest news
New realm for ex-Natixis banker, as HSBC Innovation Bank hires
Patrick Wills has more than 14 years’ experience working at US bank
Manager establishing London-based European BSL CLO platform
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UBS has named Hew Glyn Davies as vice chairman of the Swiss bank’s U.K. operations, expanding his current position as an investment banker.
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Structured finance attorney Keith Krasney joined Locke Lord LLP as a partner and chair of the firm’s Securitization and Structured Finance group in the firm’s New York office, and is in talks to pick up other partners, associates and of counsel.
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Ocwen Financial has set its sight on Ally Financial’s Residential Capital unit in its effort to boost is mortgage servicing properties.
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The European Central Bank is said to be teaming up with the European Stability Mechanism, the region’s permanent bail-out fund, to buy Italian and Spanish debt in an effort to bring down their borrowing costs.
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The U.K. government is considering whether to buy out private investors and fully nationalize the Royal Bank of Scotland, of which it currently holds 82%.
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The Spanish government has retained Alvarez & Marsal, the U.S. professional services firm, to manage its new bad bank, which is expected to hold a total of EUR184 billion ($223.6 billion) of toxic assets from the nation’s most troubled banks.
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ING is considering a sale of its U.K. and Canadian online banking business as part of its mandate to sell off assets in exchange for state aid during the financial crisis.
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Goldman Sachs has agreed to pay $26.6 million to investors that charged in a class action that the investment bank misrepresented the mortgage-backed securities it sold to them.
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A federal jury in Manhattan handed the U.S. Securities and Exchange Commission a defeat in its case against Brian Stoker, the former director of collateralized debt obligation structuring at Citigroup, in which it charged Stoker violated securities laws by not disclosing to investors that he allegedly helped select roughly half the underlying assets in a $1 billion CDO-squared.