Latest news
Latest news
Deal raises questions about whether transaction was done at arm's length
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'
More articles
More articles
-
Austria’s central bank says nationalization of three of the country’s lenders have contributed to cleaning up its banking structure.
-
Unnamed regulators have told JPMorgan Chase to reclassify $1.6 billion of performing loans as non-performing, according to Jamie Dimon, the bank’s chairman and ceo.
-
Alliance Data has announced that it has a closed its $550 million public, seven-year term asset-backed securities.
-
Ally Financial said it will significantly limit its purchase of loans from the U.S. Federal Housing Administration, Department of Veterans Affairs and Department of Agriculture as a further move away from mortgage-related activities.
-
Ambac Assurance has filed a lawsuit against Bank of America alleging breach of contract related to mortgage-backed securities issued by its Merrill Lynch unit.
-
Credit Suisse and Goldman Sachs paid $10.3 billion for the remaining residential mortgage-backed securities taken on from American International Group that the Federal Reserve sold in the first quarter.
-
Israel’s Bank Hapoalim has filed a lawsuit against Bank of America Merrill Lynch and its Countrywide Financial unit over $750 million losses from a $3.65 billion million investment in mortgage-backed securities.
-
Credit Suisse is said to be preparing to announce it will cut 5,000 investment-banking jobs when it releases its first-quarter results April 25.
-
Low risk weights assigned to mortgage backed securities and other regulations contributed to the recent crisis by prompting banks to hold similar baskets of assets, thus magnifying the crisis, according to Esther George, president of the Federal Reserve Bank of Kansas City.