Latest news
Latest news
Despite a tepid response in a 2024 consultation, there are signs EU authorities are laying the groundwork
European and high yield chiefs to take the reins
Kevin Duignan to retire after 33 years, mainly in structured finance
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French Prime Minister Jean-Marc Ayrault told lawmakers that French banks will need to separate their speculative activities to better service the economy.
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Ally Bank is exiting warehouse lending and expects to wind down the business by the end of the year.
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Bob Diamond and Jerry del Missier have resigned as ceo and coo, respectively, at Barclays following the bank’s settling with regulators over alleged manipulation of the London Interbank Offered Rate.
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GE Capital is selling its business property lending division to EverBank Financial in a deal valued at $2.51 billion.
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UBS has completed a securitization of a portion of its derivatives counterparty exposure, while Credit Suisse is said to be considering the same as a way to boost capital.
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The European Bank for Reconstruction and Development has announced that it has committed up to US$50 million through a structured debt instrument to ZAO Raiffeisenbank, the Russian subsidiary of Austria’s Raiffeisen Bank International.
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The European Securities and Markets Authority has launched an investigation of Standard & Poor’s, Fitch Ratings and Moody’s Investors Service to determine whether the process they use for evaluating banks is sufficiently rigorous and transparent.
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The Royal Bank of Scotland will likely face a £150 million ($234 million) fine for its alleged involvement in manipulating the London Interbank Offered Rate, about half the size of penalty imposed on Barclays last week.
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Marcus Agius has resigned as chairman of Barclays over the bank’s involvement in the alleged manipulation of the London interbank offered rate.