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 Royal Bank of Scotland has announced that it will slash 500 jobs in the Netherlands, a roughly 25% reduction that will leave 1,400 staffers in the country by the end of next year.
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Deutsche Bank is said to have off talks with Guggenheim Partners for the sale of most of the German lender’s asset-management operations, but has said it will continue to evaluate the businesses.
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The investment policy team of the U.K.’s Financial Services Authority is expected to recommend when it meets next month that the FSA delay for a year until Jan. 1, 2014, implementation of new measures that would require platforms to provide investors with information and notifications from funds managers and depositories with any changes in investments.
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Renee Toft, head of research at Cairn Capital in London, is said to have left the firm.
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JPMorgan Chase has suffered $2 billion in losses from trading losses from derivatives in its Chief Investment Office in the past six weeks and is likely to suffer an additional $1 billion loss from the portfolio in the second quarter, according to Jamie Dimon, the bank’s ceo. .
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Onex Credit Partners managing partner Jack Yang has left the firm, according to market sources.
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The Spanish government has acquired a 45% stake in Bankia, the country’s third-largest lender, in a deal that coverts EUR4.47 billion ($5.8 billion) in state aid to common shares.
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HSBC is in talks to sell another four of its Latin American businesses in its effort to reduce costs and streamline its operations.
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Morgan Stanley and Barclays are said to have had the winning bids for $1.5 billion of collateralized debt obligations offered by UBS.