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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Morgan Stanley has been sued again over residential mortgage-backed securities, this time by Asset Management Fund.
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Citigroup is said to have hired Anthony Renzi as coo of its North American mortgage business.
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Broker-dealer Gleacher & Co. Securities has hired Perrin Arturi and Donald Ullman as executive managing directors and co-heads of its MBS/ABS & rates division.
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Fannie Mae has introduced new rules regarding pricing and other terms in purchase agreements and mortgage-backed securities contracts with lenders.
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Lloyds Banking Group is planning to reduce its U.K. mortgage market shares from 28% to 25%, according to Antonio Horta-Osario, ceo of Lloyds.
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The U.S. Court of Appeals for the Second Circuit has affirmed a ruling by a lower court judge to reject a bid to certify a class of investors in mortgage-backed securities against the Royal Bank of Scotland, Residential Capital and its underwriters.
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Bank of America is said to preparing to slash 2,000 jobs in its investment-banking, commercial banking and non-U.S. wealth management businesses.
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The Canadian Bankers’ Association has denied reports that funds from the government and the Bank of Canada kept banks out of serious trouble between October 2008 and July 2010, as claimed by think tank Canadian Centre for Policy Alternatives.
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The Depository Trust & Clearing Corp. said its new central counterparty for mortgage-backed securities, which launched April 2, has achieved a 70% reduction in the mortgage securities pools and payments involved in settling the trades, resulting in a sharp reduction in the costs and operational risks in the market.