Latest news
Latest news
Ares middle market deal in 2025 was the first CLO incorporated in Luxembourg
Banker had been at NatWest for three years
New hire to be US head of digital infrastructure finance for combined firm
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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.
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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.
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The Office of the Comptroller of the Currency is said to have been requesting review of JPMorgan Chase’s risk models ranging from trading losses to interest-rate moves to determine whether they are designed and working properly.
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Home builder Lennar has launched it second distressed-property fund, looking to raise $950 million, about 35% larger than its first such fund, which attracted $700 million last November.
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Marriott Vacations Worldwide has completed its first securitization linked to vacation loans.
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Nebraska-based recreational retailer Cabela’s has completed the sale of $500 million in asset-backed notes.