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
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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.
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Deutsche Bank has beat out several private equity funds in winning the auction for a $910 million portfolio of commercial loans sold by units of Capmark Financial Group.
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Alex Maddox has left as head of European residential mortgage-backed securities at Deutsche Bank.
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The U.K.’s Financial Services Authority has found satisfactory NBNK’s proposal from a regulatory point of view for Lloyds Banking Group’s 632 branches.
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The value of the shadow banking system totaled $9.53 trillion as of Dec. 31, more than 50% below its peak level in 2008, according to Deloitte Center for Financial Services' index.
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The chief investment office of JPMorgan Chase is said to have priced some its swaps differently from those of its investment bank.