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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Timothy Mayopoulos, the new ceo of Fannie Mae, says he will recuse himself from any case between the agency and Bank of America over its forced repurchase of defaulted mortgages in which he was involved in his capacity as general counsel for the government-sponsored enterprise.
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Lloyds Banking Group is selling £809 million ($1.24 billion) of distressed Australian property loans to a joint venture formed by Morgan Stanley and the Blackstone Group at less than half their original value.
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Troubled Spanish lender Bankia may get less than the EUR19 billion ($23.6 billion) that it is seeking.
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Fannie Mae has appointed Timothy Mayopoulos as president and ceo, effective June 18. Mayopoulos is currently Fannie Mae’s executive v.p., chief administrative officer and general counsel.
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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.