Latest news
Latest news
Japanese bank poaches Barclays structured credit sales director
'The lessons of the financial crisis should not be forgotten,' spokesperson warns
The point of 'Simple, Transparent and Standardised' is that these deals are safe
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Goldman Sachs is said to have cut a number of managing directors in its latest staff reduction of an estimated 50 employees to help reduce expenses amid a dim revenue outlook.
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U.S. District Judge Victor Marrero of New York has preliminarily approved a proposed $45 million settlement between JPMorgan Chase and a class of municipal and government agencies in multidistrict litigation over the investment bank’s alleged conspiracy to fix prices and rig bids for municipal derivatives.
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Nationstar Mortgage Holdings has agreed to acquire $10.4 billion in mortgage servicing rights from Bank of America.
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BlackRock has expanded its real estate capabilities with the launch of its global real estate platform, headed by Mark Howard-Johnson.
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Banco Central do Brasil has placed Banco Cruzeiro do Sul under the administration of Fundo Garantidor de Créditos, the banking industry’s insurance deposit fund, for six months and has removed the lender’s management after uncovering accounting irregularities.
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New York Attorney General Eric Schneiderman has hired Virginia Chavez Romano, a former U.S. attorney, to aid him in the coordination of a federal task force investigating fraud and misconduct in the mortgage-backed securities market prior to the meltdown.
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Schroders is said to be in the early stages of considering entering the real estate lending market as a growing number of non-banks look to fill the gap as financial institutions have scaled back such activity.
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The Federal Reserve may limit how much of its own shares American International Group may repurchase if the insurer is made subject to Fed regulations, according to Peter Hancock, ceo of AIG’s Chartis unit. AIG bought roughly half of the shares the Fed offered the latest sale this year.
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PCM Fund has eliminated an investment policy that it would invest at least 50% of total assets in commercial mortgage-backed securities, thus opening the way to expand its exposure to a broader range of assets classes, including agency CMBS, private-label MBS, investment-grade corporate debt securities and high-yield corporate debt securities.