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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Mitsubishi is launching a commercial mortgage-backed securitization business in the U.S. in a joint venture with Five Mile Capital Partners.
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Google has tapped its stockpile of cash to invest large chunks of money into two recent asset-backed securitizations issued by Hyundai Capital America and Honda.
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A former member of Thomson Reuters’ team involved with the London Interbank Offered Rate said the British Bankers’ Association, which sets LIBOR, was informed on a weekly basis in 2008 that the rate was being distorted.
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The European Commission has approved the Spanish government’s plan to recapitalize its banks through the end of the year, finding that the program does not violate European Union competition regulations because the measures are “limited in time and scope and contain incentives to redeem the state participation.”
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Nationwide has jumped ahead of the Royal Bank of Scotland as the third-largest mortgage lender in the U.K., behind No. 1 Lloyds Banking Group and Santander U.K., according to the Council of Mortgage Lenders.
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Banco Santander reported a 93% plunge in profits in the second quarter after it needed to set aside EUR2.78 billion ($3.42 billion) to cover its exposure to toxic loans.
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Alison Carnwath has resigned as head of Barclays’ compensation board committee for personal reasons.
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Lloyds Banking Group says it has received subpoenas from U.K. regulators over its alleged involvement in the manipulation of the London Interbank Offered Rate and that its situation in the matter will be clarified in the next six months.
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Sen. Jeff Merkley (D-Ore.) has unveiled his Rebuilding American Homeownership Trust, a plan that would allow underwater homeowners to refinance their mortgages at lower rates.