Latest news
Latest news
Key points of contention include the investor sanctions regime and the definition of 'resilience'
Magnetar and Chorus Capital lose experienced pros
Vida Bank is also building up its funding team
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James Kroeker is leaving next month as chief accountant at the U.S. Securities and Exchange Commission and is returning to the private sector.
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The Bank of Ireland has appointed Archie Kane as new governor, effective immediately.
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Commerzbank has filed a second appeal to overturn a ruling last month by the U.K. High Court that the German lender must pay an estimated EUR50 million ($62.9 million) in promised bonuses to 104 former bankers at Dresdner Kleinwort.
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Standard & Poor’s said its ratings on global structured finance transactions will not be affected by bank downgrades by rival credit rating agencies.
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A federal appeals court has ruled that Kentucky-based Republic Bank may not sue Bear Stearns and its current owner, JPMorgan Chase, for $14 million in losses from mortgage-backed securities because the bank failed to read the MBS offer documents and did not provide sufficient specifics to sustain its fraud claims.
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Principal reductions now account for roughly 40% of total loan modifications by mortgage servicers, compared with 25% last year and 11% in 2010, according to Amherst Securities Group.
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Baring Asset Management is planning to launch the Baring Emerging Market Corporate Debt Fund, a subfund of its Irish-domiciled open-ended Baring Investment Funds.
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The Royal Bank of Scotland is planning to cut 618 jobs from its retail financial-planning division as new rules that go into effect next year bars banks and other advisers from charging customers based on commission; instead, customers will pay an upfront fee.
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U.S. and European regulators must ensure mutual recognition when finalizing securitization and derivatives regulation in order to curb jurisdictional conflict and legal and compliance complexity, according to a new study by the E.U.-U.S. Coalition, an umbrella group of industry associations.