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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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.
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Barclays CEO Bob Diamond, in a letter to Andrew Tyne, chairman of the Treasury select committee, said he would conduct a rigorous review of staff involved with the London interbank offered rate, and take appropriate action, including clawing back bonuses and fines, if warranted, after the bank was fined for alleged manipulation of LIBOR.
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The Italian government has agreed to bail out Banca Monte dei Paschi di Siena, the nation’s oldest bank, by purchasing up to EUR2 billion ($2.54 billion) of its bonds.
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National Irish Bank is closing its 27 retail-banking branches in Ireland as part of its overhaul, which includes changing its name to Danske Bank.
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Olivier Schaller, vice director of the Swiss Federal Competition Commission, said there will be no early end to the commission’s investigation into banks over alleged manipulation of the London interbank offered rate, despite the recent settlement in the U.K.
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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.