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 Securities and Exchange Commission has appointed Paula Drake as chief counsel and chief compliance and ethics officer in the SEC's Office of Compliance Inspections and Examinations, effective Aug. 6.
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Freddie Mac has named William McDavid as executive v.p., general counsel and corporate secretary, effective July 16.
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Paul Tucker, governor of the Bank of England, has called on the U.K. government to ban the practice of banks self-certifying their borrowing costs, and instead require them to base all interbank indexes on “real transactions,” rather than lenders’ estimates.
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Michel Barnier, the European Union’s commissioner of internal markets, told the European Parliament that a planned single supervisor for the region’s banking sector should cover all banks, and not just the largest, as media reports suggested.
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Mark Hoban, the U.K.’s HM Treasury’s financial secretary, says the government’s investigation into manipulation of the London Interbank Offered Rate may involve 10 to 14 British banks.
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Lloyds TSB has taken what has been described as an unusual step of buying back £4.6 billion ($7.12 billion) of unsecured senior debt, driven by a desire to lower borrowing costs and make better use of liquidity.
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Bob Diamond has given up a £20 million ($31 million) bonus package upon his resignation as ceo of Barclays, but will walk away with £2 million ($3.1 million) in salary and cash payment instead of a pension.
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Lloyds Banking Group is said to be in talks to unload a portfolio of £1 billion ($1.55 billion) in toxic it loans it acquired with the purchase of HBOS in 2008, according to the Sunday Times.
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Barclays is said to be mulling whether to split in two and list its investment bank in New York while the rest of the U.K. bank would remain listed in London.