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'
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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.
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Credit Suisse is said to have dropped the rating by Fitch Ratings from a residential mortgage backed security because of a dimmer view of the RMBS than that taken by rivals Standard & Poor’s and DBRS, according to Paul Taylor, Fitch’s new ceo.
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Eurohypo’s $740 million portfolio of performing loans has attracted more than 100 prospective buyers.