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
More articles
More articles
-
The Systemic Risk Council, the new group headed by Sheila Bair, former chair of the Federal Deposit Insurance Corp., has called on U.S. regulators to accelerate the process of designating non-bank firms as systemically important to help avoid another 2008-like crisis.
-
V-Rooms says the U.S. Securities and Exchange Commission has found that its cloud-based Virtual Data Room complies with the SEC’s new regulation requiring arrangers of structured finance products to maintain a password-protected Web site where all information is available to outside nationally recognized statistical ratings organizations.
-
The deadline for the independent audit of Spain’s financial sector has been pushed back from July 31 to September to give auditors more time to complete evaluations of the banks’ books.
-
Hedge fund investor The Children’s Investment Fund is pressing U.K. Financial Services Authority to force Lloyds Banking Group to swap £10 billion ($15.65 billion) of contingent convertible debt, or CoCos, with ordinary shares, saying the CoCos have performed poorly in recent months.
-
Fannie Mae and Freddie Mac completed nearly twice as many actions to prevent home foreclosures in the first quarter outside of the Home Affordable Modification Program than they did through HAMP, according to the U.S. Federal Housing Finance Agency.
-
Eileen Rominger is retiring next month as director of the U.S. Securities and Exchange Commission’s Division of Investment Management.
-
Gleacher & Co. Securities has expanded its mortgage-backed securities and rates division with the hiring of Adam Pace and Aaron Read as directors and Tai Vu as v.p.
-
Lloyds Banking Group is said to considering floating its 632 branches as a new bank as prospects for a sale to Co-operative Bank appears to be fading.
-
The U.S. Securities and Exchange Commission has appointed Thomas Butler as director of the newly created Office of Credit Ratings, effective June 18.