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
-
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.
-
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. .
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
The Royal Bank of Scotland is planning to drop its independent financial advisers unit and shifting its 118 IFAs to a new restricted-advice unit.