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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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Bank of America and JPMorgan Chase are said to be shrinking their mortgage-trading staffs amid a decline in the market for securitized products.
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Kelly Maier, a v.p. in high yield credit trading at Goldman Sachs in London, and Philip Ha, a New York-based secondary collateralized loan obligation and collateralized debt obligation trader, have both left the firm.
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BNP Paribas is exploring securitizing trade-finance loans to help deal with rising commodity prices, according to Jacques-Olivier Thomann, the bank’s head of structured finance.
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Lloyds Banking Group sold £170 million ($269.6 million) in new shares to raise money for interest payments to holders of hybrid bonds, the first such sale since the European Commission lifted its ban on Lloyds from paying dividends or making interest payments earlier this year.
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Goldman Sachs is said to have begun a new round of staff reductions in trading and investment banking as part of its annual review process.
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Goldman Sachs is considering a move into monoline insurance as a way of expanding its business in the wake of regulations that would ban it from proprietary trading.
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Invesco is said to be considering a sale of its portfolio of European collateralized loan obligations, as it shifts focus to its U.S-dollar denominated vehicles.
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Mark Hoban, the U.K.’s financial services minister, says the European Union needs to develop tools for macroprudential supervision similar to those being proposed later this week by the Bank of England’s Financial Policy Committee.
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Société Générale is in talks with the Blackstone Group to sell EUR100 million ($131.2 million) in commercial property loans on U.S. office and retail developments.