Latest news
Latest news
Joanna Chan is taking on the role of head of strategic capital
Key points of contention include the investor sanctions regime and the definition of 'resilience'
Magnetar and Chorus Capital lose experienced pros
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Barclays has responded to shareholder anger over a bonus for CEO Bob Diamond by adding a clause in his contract that would slash his payout by half.
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Ehren Stenzler has resigned as co-head of U.S. mergers and acquisitions at UBS a day after Aryeh Bourkoff quit as head of investment banking for the Americas.
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Citigroup has named Juan Bruchou to head seven South American countries, including Argentina and Venezuela, and Sureh Maharaj to run the business covering Central America and the Caribbean.
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State-owned Bayerische Landesbank has filed suit in New York against Deutsche Bank charging fraud in connection with the sale of $810 million of residential mortgage-backed securities.
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The U.S. Federal Housing Finance Agency has ordered Fannie Mae and Freddie Mac to develop strategies to help homeowners avoid foreclosure through short sales, deed in lieu and deeds for lease, among others.
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Container lessor Textainer Group has completed its $400 million fixed-rate asset-backed notes.
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Stefano Loreti, a senior asset-backed securities portfolio manager at Cairn Capital, has reportedly left the firm.
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Erste Abwicklungsanstalt, the bad bank set up to sell off WestLB’s assets, reduced the lender’s credit portfolio by 56% and its toxic-securities exposure by 43% in 2011.
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UniCredit Bank Austria is planning to launch a EUR500 million ($656.6 million), seven-year covered bond.