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
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South Korea’s Woori Bank has sued Citigroup to recover $95 million in losses it says it has suffered from its investment in collateralized debt obligations.
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The U.S. Securities and Exchange Commission has named James Burns as deputy director in the Division of Trading and Markets in charge of market oversight and operations, derivatives policy and trading practices.
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The Securities Industry and Financial Markets Association has expressed concern over proposals by the U.S. Financial Industry Regulatory Authority to increase transparency in the mortgage-backed securities market.
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Law firm Barnes & Thornburg has established a lending and structured finance practice group to be chaired by partners Michael Campbell and Nancy Schimmel.
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Wells Fargo is said to be preparing to auction $200 million in nonperforming residential loans.
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Moody’s has downgraded the long-term debt and deposit ratings by one to three notches on 16 Spanish banks plus the U.K. subsidiary of Banco Santander.
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U.K. taxpayers could face a loss of £2 billion ($3.16 billion) from a wind down of Northern Rock, according to estimates by the U.K.’s National Audit Office.
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Stuart Gulliver, ceo of HSBC, said the bank may consider selling its U.K. branches if the costs of ringfencing regulations make it impossible for it to meets its profit targets.
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Deutsche Bank and Cantor Fitzgerald are said to be preparing to sell $824 million in commercial mortgage-backed securities in the coming days.