Latest news
Latest news
Magnetar and Chorus Capital lose experienced pros
Vida Bank is also building up its funding team
Bank’s relationship with SpringCash is ‘commercial’
More articles
More articles
-
Barclays has agreed to settle allegations by the U.S. Commodity Futures Trading Commission, the U.S. Department of Justice and the U.K.’s Financial Services Authority that its traders manipulated the London Interbank Offered Rate to benefit its derivatives.
-
Credit Suisse won four of the collateralized debt obligations with a face value of $3.45 billion in the latest Federal Reserve auction of assets from its Maiden Lane III portfolio acquired from the bailout of American International Group.
-
Wells Fargo has acquired the $6 billion subscription finance portfolio from German lender WestLB. Wells has named Dee Dee Skylar, the former head of that business at WestLB, to lead its new unit.
-
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.
-
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.