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 and Société Générale have asked a New York state Supreme Court justice to overturn the restructuring of bond insurer MBIA, claiming that approval of the plan by Eric Dinallo, then insurance superintendent of New York, was based on misleading information and violated insurance law.
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The Spanish government has ordered Banco Santander and BBVA, the country’s two largest banks, to boost real estate provisions by a collective EUR4.5 billion ($5.8 billion) to cover potential losses.
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Lloyds Banking Group and the Co-operative Bank have submitted to the U.K.’s Financial Services Authority a proposal for the sale of Lloyds’ 632 Project Verde branches.
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Ina Drew, who heads JPMorgan Chase’s risk-management group, along with London traders Achilles Macris and Javier Martin-Artajo are said to be leaving the investment bank in the wake of massive losses revealed last week.
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George Smith, senior managing director in Cantor Fitzgerald’s debt capital markets platform, has left the firm to head up the mortgage-backed securities desk at Gleacher & Company Securities; the broker-dealer unit of investment bank Gleacher & Co.
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The U.S. Securities and Exchange Commission is said to have launched a preliminary investigation into JPMorgan Chase’s accounting practices and public disclosures about the derivatives trades, which resulted in losses of $2 billion.
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U.S. Bankruptcy Judge Eileen Hollowell of Tucson, Ariz., has extended a $207 million loan on two Westin hotels by what analysts say is an unusually long 15 years.
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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.