Latest news
Latest news
New realm for ex-Natixis banker, as HSBC Innovation Bank hires
Patrick Wills has more than 14 years’ experience working at US bank
Manager establishing London-based European BSL CLO platform
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The Royal Bank of Scotland and Wells Fargo Securities are expected to sell more than $1 billion of commercial mortgage-backed securities in the next week.
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Citigroup has disbanded the Citi Holdings oversight panel, which was formed during the credit crisis to monitor the bank’s disposal of toxic assets.
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The securitization trust that financed the purchase of residential loans from EMC Mortgage has filed suit against the JPMorgan Chase unit for alleged breach of representations and warranties regarding the quality of the loans.
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Chicago-based NXT Capital has boosted its total debt financing capacity to $1.6 billion and expanded its senior secured revolving credit facility from $650 million to $740 million.
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AIB Launches EUR675 Mln Property Loan Sale Allied Irish Banks has begun selling EUR675 million ($846.2 million) Project Kildare portfolio of property loans, with Morgan Stanley handling the sale process.
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Barclays has sold Baubecon, its housing unit in Germany, to Deutsche Wohnen, Germany’s third-largest publicly traded residential landlord, in a deal valued at EUR1.24 billion ($1.56 billion).
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Spanish Prime Minister Mariano Rajoy acknowledged that his country was finding it “very difficult” to finance itself but insisted that it does not need a bail out from the European Central Bank.
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Small savers who invested a minimum of EUR1,000 ($1.253) in Spain’s Bankia bank are in danger of losing their entire initial investment as their shares have already plunged more than 60%.
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Loreley Financing (Jersey) has filed a lawsuit in New York against UBS, charging the U.K. bank allegedly misrepresented the risks in collateralized debt obligations it sold the firm, which lost at least $331 million on the deal.