Latest news
Latest news
Blatter will be lead portfolio manager for BlackRock’s European CLO platform
Deal raises questions about whether transaction was done at arm's length
Joanna Chan is taking on the role of head of strategic capital
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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.
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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.