Latest news
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
More articles
More articles
-
The Federal Reserve has been secretly rewriting financial regulations—said to be the most sweeping overhaul since the Depression—raising transparency issues.
-
Germany’s Landesbank Baden-Wuerttemberg has filed a lawsuit in New York against Royal Bank of Scotland, claiming it lost more than $71 million on its investment in mortgage-backed securities because RBS allegedly misrepresented the mortgages in the MBS.
-
BGC Partners has agreed to buy Grubb & Ellis after the Santa Ana-based commercial real estate firm filed for bankruptcy protection.
-
Citigroup may suffer a write-down of billions of dollars as it unwinds its minority interest in Mortgage Stanley Smith Barney, say analysts.
-
Pacific Investment Management Co. is said to have left the American Securitization Forum because the ASF would not issue a statement about investors’ views concerning the settlement between government officials and the nation’s five largest lenders over mortgage practices.
-
HSBC is said to be preparing to issue new shares to help pay for cash bonuses that exceed £50,000 ($78,425), a limit adopted by other banks, including the Royal Bank of Scotland, Lloyds Banking Group and Barclays.
-
The Royal Bank of Scotland and Lloyds Banking Group are predicted to post combined losses of at least £4 billion ($6.27 billion) this week, stoking concerns that it may be years before the U.K. government is repaid for keeping the lenders afloat.
-
UBS is planning to sell more loss-absorbing banks to help raise $16 billion to meet higher capital requirements after its first such offer sold $2 billion last week.
-
Law firm Baker & McKenzie has picked up Christopher Horn as a partner in the firm’s securitization and structured finance practice in New York.