Latest news
Latest news
Blatter will be lead portfolio manager for BlackRock’s European CLO platform
Deal raises questions about whether transaction was done at arm's length
Joanna Chan is taking on the role of head of strategic capital
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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Swedish banks should ignore Moody’s Investors Services because their rating assessments tend to be out of date and the firm “in general is very backward looking,” according to Goran Bronner, cfo of Swedbank.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.
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HSBC has indefinitely dropped plans to relocate its headquarters from London to Hong Kong over tougher regulations, according to CEO Stuart Gulliver.
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The U.S. Financial Industry Regulatory Authority has fined Citigroup Global Markets $3.5 million for providing “inaccurate mortgage performance information, supervisory failures and other violations” in connection with subprime residential mortgage-backed securitizations.