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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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U.S.-based Jefferies is planning to launch a European corporate lending business in Europe this year at a time when banks in the region are cutting back as a result of higher capital requirements and rising funding costs.
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Spain’s CaixaBank has agreed to buy rival Banca Civica in an all-stock deal valued at EUR980 million ($1.3 billion), roughly one-third of the share value.
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Two private equity firms are said to be trying to block the sale of a portfolio of private equity loans by Lloyds Banking Group to Sankaty, Bain Capital’s asset-management unit, apparently upset that the U.K. lender is opting to sell the loans rather than let them negotiate refinancing.
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The board of Spain’s La Caixa bank is set to meet to vote on whether to proceed with a takeover of Banca Civica to form the nation’s largest domestic bank by assets.
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Deutsche Bank is changing the legal status of Taurus, its main U.S. unit, to circumvent higher capital requirements under the U.S. Dodd-Frank Act by giving up the subsidiary’s bank-holding status and assigning it to its Deutsche Bank Trust unit, effective Feb. 1.
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Commerzbank and the European Commission are said to be near to striking a deal on a restructuring of the German bank’s mortgage unit, Eurohypo.
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Lloyds Banking Group is selling a £500 million ($790.6 million) portfolio of mainly U.K. leveraged loans earmarked for private equity buyouts to Sankaty Advisors, Bain Capital’s credit affiliate.
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The collateralized loan obligation market faces an “existential threat” in the Volcker rule, says the Loan Syndications and Trading Association, an industry group.
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Lan Pham, the former economist who claims she was fired from the U.S. Congressional Budget Office in 2010 because of her analysis of the role of securitization in banking and foreclosure fraud, says the agency appears to “deny or diminish” that mortgage securitization is a problem.