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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Moody’s Investors Service says it will decide in May whether to further downgrade global financial institutions, with Morgan Stanley said to be most vulnerable with a possible loss of three notches.
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The Federal Housing Administration and Ginnie Mae face risk-management challenges despite new initiatives planned to deal with them, according to the U.S. Government Accountability Office.
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Goldman Sachs Asset Management is launching the U.S. Housing Recovery Fund in April, a hedge fund that will invest in mortgage-backed securities.
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Hartford Financial Services Group is considering securitization, sales and reinsurance transactions to lower its risks tied to liabilities on equity-linked products it has sold in the past in the U.S. and Japan, according to Liam McGee, its ceo.
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U.S. Magistrate Judge Laurel Beeler of San Francisco has ordered Wells Fargo and the U.S. Securities and Exchange Commission to work out their issues regarding subpoenas relating to an SEC investigation into mortgage-backed securities.
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Denmark’s Danske Bank, the country’s largest, borrowed DKK15 billion ($2.69 billion) in the first round of the Danish Central Bank’s long-term financing fund out of a total DKK18.9 billion ($3.39 billion) disbursed.
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Commerzbank and the European Union competition regulators have reached an agreement that would allow the German bank to restructure its Eurohypo lending unit instead of having to sell it.
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Société Générale is planning to reorganize its corporate and investment bank, which will involve changes in senior management as it shifts to an origination business model that will include selling loans to investors to shrink its balance sheet.
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UBS is said to be planning a benchmark size, five-year covered bond denominated in U.S. dollars. Sources said Citigroup, CIBC, Deutsche Bank, JPMorgan Chase and UBS are joint bookrunners on the deal.