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
More articles
More articles
-
BNP Paribas and Société Générale have said they are planning to cut bonuses globally by 52% and 44%, respectively, mainly in investment and corporate banking.
-
London investment banks appear to be hiring more, as new job vacancies rose 9% in April from the preceding month but still off 27% from a year earlier, according to recruiter Astbury Mardsen. “
-
Broker-dealer firm The PrinceRidge Group has added five directors to sales and trading positions to its mortgage-backed securities division; part of a recent expansion of the group led by senior managing director and head of U.S. residential mortgage-backed securities Barry Berkeley, who joined the firm from Sterne Agee & Leach in January.
-
Rising default rates on automobile loans are driving Brazilian banks to cut back on lending.
-
Ginnie Mae has ordered issuers of its mortgage-backed securities to make four additional pieces of data available to investors beginning in September.
-
Panama’s Global Bank has pulled a planned $200 million five-year covered bond after investors are said to have pushed back against a small deal from a little-known financial institution.
-
A lack of confidence in the models credit ratings agencies use to assess residential mortgage-backed securities and in the agencies themselves is stifling the U.S. housing recovery, according to Reason Foundation.
-
The Federal Reserve of Bank of New York has launched another round of bidding for collateralized debt obligations in its Maiden Lane III portfolio.
-
The Spanish government is considering the creation of a bad bank to hold financial institutions’ toxic assets but says the transfer would be voluntary for now.