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Octopus Electric Vehicles has also added to its capital markets team
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Residential Capital missed a semiannual interest payment April 17 on a $1.75 billion bond that matures next year, and that could result in an event of default if it fails to make the payment in 30 days, according to a filing with the U.S. Securities and Exchange Commission. .
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Standard & Poor’s has approved CoreLogic as a third-party due diligence provider for residential mortgage-backed securities it rates.
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Barclays has announced that it has merged its corporate coverage and deal-making teams into a new corporate finance mergers and acquisitions group, led by Tom King, Paul Parker and Ron Stephenson, according to an internal memo.
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Austria’s central bank says nationalization of three of the country’s lenders have contributed to cleaning up its banking structure.
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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.
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Alliance Data has announced that it has a closed its $550 million public, seven-year term asset-backed securities.
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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.
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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.
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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.