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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Anthony Renzi has resigned as Freddie Mac’s executive v.p. in charge of single-family mortgages to accept a position at a different financial company, according to an internal memo.
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Threatened downgrades of Lloyds Banking Group and the Royal Bank of Scotland by Moody’s Investors Service could sink their profits 16% and 8%, respectively, according to Citigroup research.
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Legal &General has entered the property-lending sector with a £121 million ($196.7 million) loan to Unite, a student housing developer and manager, a year after it first considered a move into the market.
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U.S. banks have eased their lending standards for commercial loans as they experienced stronger demand in the first quarter, according to the Federal Reserve’s quarterly survey of senior loan officers.
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Ally Financial has acknowledged in a regulatory filing that it is considering a bankruptcy filing for its Residential Capital unit after it failed to make a $20 million interest payment.
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The U.S. Federal Housing Finance Agency has put off making a decision on whether to allow principal reduction on loans issued by Fannie Mae and Freddie Mac.
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Freddie Mac has announced a $1 billion offering of structured pass-through certificates, multifamily mortgage-backed securities known as K-certificates. The deal is the sixth from the K shelf.
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Real estate investment trust Western Asset Management has announced plans to raise $160 million in an initial public offering and to use the proceeds to investment in mortgage-backed securities from Fannie Mae and Freddie Mac.
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Andrea Enria, chairman of the European Banking Authority, said in a speech that the EBA should have the authority to develop a single rulebook for banks, including uniform standards for core Tier One Capital.