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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JGWPT Holdings, parent of consumer finance firms J.G. Wentworth and Peachtree Financial Solutions, among others, has completed a $169.5 securitization of notes backed by structured-settlement and fixed-annuity payments.
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Sanford Weill, the former ceo of Citigroup, says big banks should separate their investment banking from the rest of their operations to make sure that taxpayers “will never be at risk.”
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Moody’s has reached a settlement with the Louisiana Municipal Police Employees Retirement System and other investors over charges that top executives of the rating agency overstated the grades of mortgage-backed securities, a move that the pension plan claimed ruined its reputation.
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A federal judge in Maryland has rejected a bid by banks to move a lawsuit against them brought by Thornburg Mortgage charging they contributed to its failure from Bankruptcy Court to U.S. District Court.
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Barclays has named Anthony Salz, an attorney and former investment banker, to conduct a thorough review of the bank’s culture following the scandal involving alleged manipulation of the London Interbank Offered Rate.
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Adam Cordery has left as head of European and U.K. credit at Schroders, and will be succeeded by Patrick Vogel from Legal and General in August.
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Mortgage approvals in the U.K. declined 21% in June from a year ago to their lowest level since January 2009, according to the British Bankers’ Association.
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Virgin Money has agreed to purchase £465 million ($721.8 million) of Northern Rock Asset Management loans held by UK Asset Resolution.
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Kevin Flaherty, head of European asset-backed securities syndicate at Deutsche Bank in London, has left the firm and has been replaced by Bilal Husain.