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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Top executives of the Royal Bank of Scotland and Lloyds Banking Group say their distressed loan books are improving, with RBS’ non-performing loans rising only 6% last year, while Lloyds’ impaired loans have dropped by 10%.
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The sales of commercial mortgage-backed securities linked to multifamily buildings by Fannie Mae, Freddie Mac and Ginnie Mae soared 81% in the first quarter to $13.5 billion from a year earlier, the highest quarterly issuance since Bloomberg began tracking the data in 1993.
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CIFG Assurance North America has asked a New York Supreme Court justice to add GreenPoint Mortgage Funding, a now-defunct loan originator, as a defendant in its lawsuit against Goldman Sachs involving $275 million in mortgage-backed securities.
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ING Direct has announced that it is exiting from the wholesale mortgage business after the online bank was recently acquired by Capital One Financial.
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Morgan Stanley has expanded its policy of clawing back executive pay by including all deferred, cash, long-term incentive awards, according to the investment bank’s annual proxy statement.
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Credit Suisse has named Roger Lehman to succeed Dale Westhoff as head of securitized product research. Lehman will also continue as lead strategist for commercial mortgage-backed securities.
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Allied Irish Banks is closing is offshore subsidiaries in Isle of Man and Jersey by the end of next year as part of its plan to become a smaller, domestically focused bank.
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The Rothschild family has announced plans to merge its French Rothschild & Cie Banque and Rothschilds Continuation Holdings, which holds assets including London-based bank N.M. Rothschild & Sons.
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Ethan Penner, one of the founding fathers of the commercial mortgage-backed securities market, is set to leave CBRE Capital Partners, according to sister publication Real Estate Finance Intelligence.