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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The U.K.’s Financial Services Authority has reached an agreement with Barclays, HSBC, Lloyds Banking Group and the Royal Bank of Scotland that calls on the banks to compensate customers for loan-insurance products mis-sold to them.
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The European economic crisis has had little impact on the European structured finance sector, with a default rate of only 1.02% for vintage mid-2007 notes, according to Standard & Poor’s. S&P also reported that consumer-related securitizations have outperformed those backed by loans to corporations.
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First Niagara Financial Group earned $16 million before taxes following the sale of $3.1 billion in mortgage-backed securities.
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JPMorgan Chase has pumped money into Junius Real Estate Partners after the fund failed to attract investors.
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Standard & Poor’s has issued its methodology for rating covered bonds.
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Lloyds Banking Group has reached a deal with the Co-operative Group for its 632 branches, and has ended talks with NBNK for the offices.
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Barclays has agreed to settle allegations by the U.S. Commodity Futures Trading Commission, the U.S. Department of Justice and the U.K.’s Financial Services Authority that its traders manipulated the London Interbank Offered Rate to benefit its derivatives.
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Credit Suisse won four of the collateralized debt obligations with a face value of $3.45 billion in the latest Federal Reserve auction of assets from its Maiden Lane III portfolio acquired from the bailout of American International Group.
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Wells Fargo has acquired the $6 billion subscription finance portfolio from German lender WestLB. Wells has named Dee Dee Skylar, the former head of that business at WestLB, to lead its new unit.