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
More articles
More articles
-
The U.S. Securities and Exchange Commission charged three former top executives of Thornburg Mortgage, including CEO Larry Goldstone, with fraud for allegedly concealing the company’s deteriorating financial condition at the beginning of the financial crisis.
-
Wayzata, Minn.-based TCF Financial says it sold $1.9 billion in 3.8% weighted average mortgage-backed securities and restructured $3.6 billion of 4.3% weighted debt in its efforts to reposition its balance sheet.
-
Greece’s Alpha Bank has proposed ending its merger plans with Eurobank after the Greek sovereign debt swap last week resulted in significantly greater losses to the lenders than had been anticipated when they agreed to combine last November.
-
BNP Paribas is the leading corporate bank in Europe with a 61% market penetration, according to Greenwich Associates.
-
The Royal Bank of Scotland has announced it will cut 1,600 jobs and Lloyds Banking Group 300 in a move that has angered unions, who have asked the U.K. government, which largely owns the lenders, to intervene.
-
The Federal Reserve has announced that Ally Financial, Citigroup, MetLife and Suntrust do not have sufficient capital to withstand another financial crisis based on the central bank’s hypothetical deep-recession scenario in its latest round of stress tests.
-
Goldman Sachs has named Jeffrey Verschleiser has been named global head of mortgage trading in a wave of management changes at the investment bank, which include the appointment of Justin Gmelich as global head of credit trading.
-
British banks cannot face up to the failure of their banking models and the need to restructure, according to Mervyn King, governor of the Bank of England.
-
The Basel Committee on Banking Supervision is scheduled to discuss at a meeting next week “some calibration points and technical calculations” to proposed liquidity regulations for banks without changing the fundamentals of the measure, according to Rene van Wyk, a member of the committee from South Africa.