Latest news
Latest news
New realm for ex-Natixis banker, as HSBC Innovation Bank hires
Patrick Wills has more than 14 years’ experience working at US bank
Manager establishing London-based European BSL CLO platform
More articles
More articles
-
Ally Bank is exiting warehouse lending and expects to wind down the business by the end of the year.
-
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.
-
GE Capital is selling its business property lending division to EverBank Financial in a deal valued at $2.51 billion.
-
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.
-
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.
-
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.
-
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.
-
Marcus Agius has resigned as chairman of Barclays over the bank’s involvement in the alleged manipulation of the London interbank offered rate.
-
Nationstar Mortgage has acquired $63.7 billion in residential mortgage servicing rights from Aurora Bank, with three-quarters of the portfolio consisting of non-conforming loans in private label securitizations.