Latest news
Latest news
New realm for ex-Natixis banker, as HSBC Innovation Bank hires
Patrick Wills has more than 14 years’ experience working at US bank
Manager establishing London-based European BSL CLO platform
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StormHarbour recently hired Shammi Malik as head of European asset-backed securities trading in its London office.
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A German High Court judge has ruled that Commerzbank must pay EUR50 million ($65 million) in bonuses to 104 former Dresdner Kleinwort bankers in the U.K. according to their 2008 agreement, rejecting claims that the lender’s massive losses should free them from the obligation.
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Barclays has named Sharon Quinlan as head of structured property debt finance in London.
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New York Supreme Court Justice Charles Ramos of Manhattan has rejected a motion by JPMorgan Chase to dismiss a lawsuit by Syncora Guarantee that charged Bear Stearns, now owned by JPM, made false and misleading statements in connection with the sale of mortgage-backed securities.
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Prudential Financial has filed suit against Morgan Stanley related to the investment bank’s sale of $1 billion in residential mortgage-backed securities to the insurer.
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Bank of America has launched its program to reduce principals on mortgages by contacting some 200,000 borrowers by mail, inviting them to participate.
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Ginnie Mae expects in coming months to issue new standards that will make it more difficult for a lender to be approved as an issuer of mortgage-backed securities, according to Michael Drayne, senior v.p. of the agency.
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Daiwa Capital Markets has hired Michael Marsallo and Mark Schultz as co-heads of its mortgage-backed pass-through desk.
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A workout of commercial mortgage-backed securities has led to sale the Dutch EPI Orange portfolio of office and light industrial properties for EUR50 million ($65.17 million).