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Latest news
Despite a tepid response in a 2024 consultation, there are signs EU authorities are laying the groundwork
European and high yield chiefs to take the reins
Kevin Duignan to retire after 33 years, mainly in structured finance
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HSBC Holdings stands to lose £18 billion ($28.57 billion) of its value, thanks to a new U.K. levy imposed on banks and legislation that would force banks to ring-fence their retail banking operations, according to Stuart Gulliver, new group ceo.
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ING DiBa AG, ING Groep’s direct and retail banking unit in Austria and Germany, plans to launch a benchmark-size seven-year covered bond denominated in euros, in the near future, depending on market conditions.
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David Tibbals, the longtime head of Citigroup’s commercial mortgage lending business, has joined New York-based broker-dealer Amherst Securities as senior managing director, according to sister publication Real Estate Finance Intelligence.
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Barclays borrowed EUR8.2 billion ($10.82 billion) from the European Central Bank through its long-term refinancing operation, the first time the U.K. bank did so after passing up the initial round in December.
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JPMorgan Chase confirmed that the bank, like Goldman Sachs and Wells Fargo, has received a Wells notice from the U.S. Securities and Exchange Commission, indicating a possible enforcement action against it relating to mortgage-backed securities.
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Fannie Mae has countered claims made by Bank of America earlier in February that it stopped selling mortgages to the government-sponsored enterprise because of a dispute in a repurchase policy.
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The Federal Reserve reports that it made a profit of $2.8 billion from its sale of $19.5 billion in mortgage-backed securities issued by American International Group. Credit Suisse bought a portion of the Maiden Lane II portfolio in January.
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Massachusetts has fined State Street Global Advisors $5 million for not telling investors the role hedge fund Magnetar Capital played in the creation of a $1.56 billion hybrid collateralized debt obligation known as Carina CDO.
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Seth Waugh is stepping down as ceo of Deutsche Bank’s North American operations after 11 years.