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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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.
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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.”