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Ares middle market deal in 2025 was the first CLO incorporated in Luxembourg
Banker had been at NatWest for three years
New hire to be US head of digital infrastructure finance for combined firm
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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.
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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.
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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.
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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.
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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.
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A group of investors are planning to file a suit against the Royal Bank of Scotland, claiming the prospectus for a rights issue in 2008, ahead of a government bailout, was misleading.
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Mortgage approvals in the U.K. plunged 21% in February from the preceding months with the end of the stamp duty for first-time buyers, according to e.surv Chartered Surveyors.
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Barclays stated in its annual report that it is in talks with global regulators about a “potential resolution” of possible enforcement proceedings for alleged manipulation of the London Interbank Offered Rate.
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Senior secured ratings of corporate property bonds issued by real estate investment trusts or property investment companies in Europe, the Middle East and Africa, could rise a single notch above their senior unsecured ratings because of their “protective features,” according to Fitch Ratings.