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Latest news
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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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.
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Deutsche Bank is said to have borrowed between EUR5 billion ($6.55 billion) and EUR10 billion ($13.1 billion) in the latest round of the European Central Bank’s Long-Term Refinancing Operation, after its ceo, Josef Ackermann, had touted that passing up the first ECB offer in December made it attractive with many of its clients. .
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Wells Fargo is said to be preparing to offer at least $1 billion in commercial mortgage-backed securities next week, closely following a $1.1 billion CMBS from Morgan Stanley this week.
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Rulings by German regional courts that invalidate administration fees charged to set up a loan could have a negative impact on consumer asset-backed securities, according to Fitch Ratings.
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The British Bankers’ Association says it will retain oversight of the London Interbank Offered Rate, dashing speculation that the Bank of England may seek control of LIBOR after the BBA put it under review amid a global investigation charging derivatives traders with allegedly manipulating the rate to their advantage.
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Credit Suisse plans to use contingent convertible bonds to raise at least CHF250 million ($275 million) as part of its effort to repurchase CHF4 billion ($4.4 billion) of public tier 1 and tier 2 securities and swap them for instruments such as CoCos.
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The U.K. has rejected a recommendation by Vince Cable, its business secretary, to break up the Royal Bank of Scotland and create a bank to boost lending to businesses.
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BBVA has become the first Spanish bank to take over a nationalized lender, Unnim, for a single euro as the Bank of Spain looks to unload troubled institutions it holds.