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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A refinance plan proposed by Sen. Jeff Merkley (D-Ore.) could help an estimated 75% of borrowers with loans packaged into private-label residential mortgage-backed securities, according to JPMorgan Chase analysts.
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The Royal Bank of Canada is preparing to offer its first covered bond registered with the U.S. Securities and Exchange Commission.
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Knight Capital has expanded its institution fixed income sales and trading team with the hiring of Robert Cestari as managing director and head of commercial mortgage-backed securities and commercial real estate debt trading, and David Simek as managing director and head of CMBS sales.
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The Royal Bank of Scotland is said to be in talks with authorities for a deal related to its alleged involvement in the manipulation of the London Interbank Offered Rate.
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Rising bad-debt charges are hitting Portuguese banks hard, with Banco Espirito Santo, the country’s largest bank by market capitalization, reporting a 15% increase in charges from a year ago.
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Deutsche Bank is planning to cut its staff but 1,900 jobs, with roughly 1,500 from investment banking, as part of its effort to reduce expenses by EUR3 billion ($3.67 billion).
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Belgium’s Royal Park Investments has filed a lawsuit against several banks, including JPMorgan Chase and Goldman Sachs, for allegedly misrepresenting the underwriting standards they used to issue the loans packaged into $3.2 billion in residential mortgage-backed securities they sold the firm.
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Berkshire Bank has filed a lawsuit against 21 banks, including Bank of America, Barclays, JPMorgan Chase and Citigroup, for allegedly manipulating the London Interbank Offered Rate, resulting in lower interest payments it received.
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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.