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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'
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Lehman Brothers Holdings said it will make a first payout of roughly $22.5 billion to creditors April 17, more than twice the expected minimum.
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NBNK has revised its bid for Lloyds Banking Group’s 632 branches after Co-operative Group, which had the winning offer, has yet to close the deal.
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The Paragon Group has acquired additional unsecured consumer loans from the Royal Bank of Scotland as part of its agreement announced last October to acquire such loans for consideration of £43.2 million ($68.9 million) and more modest acquisitions from time to time.
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New rules adopted by the U.S. Consumer Financial Protection Bureau will likely raise operational, compliance and reporting expenses for mortgage servicers, including large banks, according to Fitch Ratings.
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Performance indicators for Portuguese residential mortgage-backed securities are misleading, according to Fitch Ratings.
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Spanish banks may have to close an additional 10,000 to 12,000 branches as a result of a reduced demand for loans, according to Enrique Garcia Candelas, head of retail banking at Banco Santander.
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BNP Paribas, Commerzbank and the Royal Bank of Scotland are among the European banks looking to unload an estimated EUR100 billion ($130.7 billion) in debt to meet new capital requirements through a wide range of debt instruments, including covered bonds and hybrid debt.
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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.