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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The U.S. Securities and Exchange Commission is said to have launched an investigation into the role hedge fund Magnetar Capital played in various collateralized debt obligations.
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German lender DZ Bank has filed a lawsuit against Barclays in New York charging the U.K. bank with allegedly misrepresenting the quality of loans in $133.3 million in residential mortgage-backed securities it sold.
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Thomas Curry, the Comptroller of the Currency, said in a speech that the complexity of today’s banking markets and the sophistication of technology has put banks’ operational risk “at the top of the list of safety and soundness issues for the institutions we supervise.”
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The Spanish government has denied media reports that customers have withdrawn EUR1 billion ($1.27 billion) in deposits from Bankia, the country’s second-largest lender that was partly nationalized last week.
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The FBI has launched a preliminary inquiry into the USD2.3 billion trading losses at JPMorgan Chase following similar moves by the U.S. Securities and Exchange Commission and the Federal Reserve.
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IKB Deutsche Industriebank has filed a lawsuit against Bank of America over losses it claims from investments in mortgage-backed securities it bought.
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U.S. District Judge Denise Cole of Manhattan has proposed a trial schedule for 17 lawsuits brought by the U.S. Federal Housing Finance Agency against banks over mortgage-backed securities, with the first case—with UBS as defendant—to be tried in 2013 and the rest to continue in 2014.
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Goldman Sachs is said to be raising $351 million for a collateralized loan obligation for Chicago-based Kramer Van Kirk Credit Strategies.
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The U.S. Federal Housing Finance Agency has revised its 2013-2017 strategic plan to incorporate goals set for Fannie Mae and Freddie Mac, including the creation of a mortgage securitization platform to replace the government-sponsored enterprises.