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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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Flaherty, head of European asset-backed securities syndicate at Deutsche Bank in London, has left the firm and has been replaced by Bilal Husain.
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Sens. Jack Reed (D-R.I.) and Chuck Grassley (R-Iowa) are introducing legislation that would give the U.S. Securities and Exchange Commission authority to impose bigger penalties on violators of securities laws.
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The four largest U.S. banks have been able to reduce their tax liabilities and bypass stringent regulations by creating more than 10,000 subsidiaries globally over the past 22 years, according to the Federal Reserve Bank of New York.