Latest news
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'
More articles
More articles
-
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.
-
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.
-
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.
-
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.
-
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.
-
Seth Waugh is stepping down as ceo of Deutsche Bank’s North American operations after 11 years.
-
The U.K.’s Asset Protection Agency says the Royal Bank of Scotland is still scheduled to exit the nation’s Asset Protection Scheme this year.
-
Banco Santander is expanding its presence in Poland with the acquisition of Kredyt Bank from KBC Groep to make it the country’s third-largest lender.
-
Société Générale Corporate & Investment Banking is preparing to sell EUR1.8 billion ($2.41 billion) in European performing loans to help raise its core tier 1 ratios.