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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Freddie Mac increased its purchases of residential mortgage loans from lenders 19% in May from the preceding month, after pulling back 38% in April from March.
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Spain’s Bankia, CatalunyaCaixa, NovaGalicia and Banco de Valencia are shifting an estimated EUR15 billion ($18.73 billion) in toxic loans to a state-owned bad bank so that they can secure bailout funds from the European Union.
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European regulators are negotiating whether to make the offloading of toxic assets from balance sheets a condition for banks for receiving bailout funds, according to Luis de Guindos, Spain’s economy minister. .
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Bank of America has named Diego De Giorgi as co-head of corporate and investment banking in Europe, the Middle East and Africa together with Bob Elfring, the current head of investment banking for northern Europe.
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Credit Suisse is planning to cut up to a third of its senior European investment banking staff as part of its earlier announced 3,500 personnel reduction.
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U.S. District Judge Lewis Kaplan of New York has a $40 million settlement in a class action against officers and directors formerly affiliated with Lehman Brothers Holdings who allegedly misled investors concerning the credit quality of billions of dollars of mortgage pass-through certificates.
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Dublin-based Sealink has added Deutsche Bank to its list of financial institutions it has sued alleging fraud involving the sale of residential mortgage-backed securities.
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Lloyds Banking Group is said to be considering lowering the asking prices for the 632 branches it is looking to sell in order to revive a deal with the Co-operative Bank.
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U.S.-based Pricoa Mortgage Capital has closed a £70 million ($109.14 million) commercial real estate loan in the U.K., its first it launched its European operations earlier this year.