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
More articles
More articles
-
Moody’s Investors Service has downgraded 26 Italian large and midsized banks to among the lowest ratings in European countries, with Banca Monte dei Paschi di Siena reduced to just above junk.
-
The European Union’s Economic and Monetary Affairs Committee has postponed for the fifth time a vote on its mortgage directive.
-
French banks may step up staff reductions following the election of Francoise Hollande as president, who has declared the world of finance as his main adversary.
-
Nearly four out of 10 European investors believe a third long-term refinancing operation by the European Central Bank would be necessary to deal with banks’ funding problems, according to Fitch Ratings.
-
JPMorgan Chase is said the few dozen staffers of the investment bank’s chief investment office are at risk of dismissal in the wake of the reported losses.
-
The Royal Bank of Scotland may pass on the costs associated with ringfencing its retail operations from investment banking to business and retail customers, according Sir Philip Hampton, the bank’s ceo.
-
Ally Financial has placed its Residential Capital unit in bankruptcy, and has agreed to sell ResCap’s mortgage-servicing assets to Nationstar for $2.5 billion.
-
JPMorgan Chase released a statement saying that Ina Drew has announced she will retire as cio and head of its Chief Investment Office and will be succeeded by Matt Zames, currently co-head of global fixed income and head of capital markets in its mortgage bank.
-
Residential Capital reached an agreement with 17 investors in mortgage-backed securities to settle claims of representation and warranty contract breaches before the unit of Ally Financial was placed in bankruptcy.