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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Berlin-Hannoversche Hypothekenbank has issued Germany’s first jumbo-mortgage pfandbrief of 2012, with banks snapping up 37% of the EUR1 billion ($1.26 billion) order book.
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Phoenix Life SF and Blue Heron Funding II have filed a lawsuit against several large banks for $1.8 billion, charging the banks misrepresented the loans underlying mortgage-backed securities they sold.
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Bank of America has agreed to buy back an estimated $330 million of mortgages sold to Freddie Mac due to a technical error.
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Citigroup is selling $99 million non-performing residential mortgages. In the past year,
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JPMorgan Chase has hired William McLucas, a one-time head of enforcement at the U.S. Securities and Exchange Commission, amid investigations by regulators of the investment bank’s derivatives-related losses.
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Barclays is said to be looking to sell between180 to 200 branches in Italy and has received three inquiries into a sale that would involved EUR4 billion ($5.11 billion).
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The Court of the Bank of England has ordered the central bank to undergo three independent review to ensure that it “learn practical lessons from past experience in order to improve the way it operates in the future,” according to Sir David Lees, the court’s chairman.
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Swedish banks should ignore Moody’s Investors Services because their rating assessments tend to be out of date and the firm “in general is very backward looking,” according to Goran Bronner, cfo of Swedbank.
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Banco Santander has named José García Cantera as senior executive v.p. of global wholesale banking.