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
-
The Royal Bank of Scotland says it is will repay the final portion of the £163 billion ($263.3 billion) in loans it received through the U.K. government’s Credit Guarantee Scheme.
-
The ceos of top Wall Street banks have complained to Federal Reserve Governor Daniel Tarullo that recent stress tests conducted by the central bank used a scenario that overstated their losses, and that proposed counterparty credit limits likewise overstated banks’ exposure to each other.
-
Société Générale reports that profits in the first quarter dropped 20% to EUR732 million ($962.5 million) from a year earlier, largely because of a revaluation of its debt and loses from the sale of a corporate loan portfolio.
-
Austrian bank Hypo Noe sold a EUR500 million ($657.5 million) no-grow 10-year covered bond, which attracted an orderbook three times that size from 100 investors.
-
Prytania Investment Advisors has launched the Metreta Fund, a liquid structured finance fund that it says will provide low-risk but liquid returns from investments in senior tranches of asset-backed securities.
-
The Federal Reserve Bank of Dallas supports tough standards for banks that request a taxpayer-funded bailout.
-
Barclays Sells Its Largest U.S. Covered Bond Barclays has sold $2 billion of its latest covered-bond, its largest ever in the U.S. and twice the size of its previous bond, offered in September 2010.
-
Morningstar has indicated it will take a closer look at how mortgage servicers operate, including how they handle cash flows to investors and foreclosure time limes.
-
Morgan Stanley has been sued again over residential mortgage-backed securities, this time by Asset Management Fund.