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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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.
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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.
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Eurohypo has sold a portfolio of $760 million of performing loans to US Bancorp, Wells Fargo and the Blackstone Group at an average discount of 5% to par value.