Latest news
Latest news
New realm for ex-Natixis banker, as HSBC Innovation Bank hires
Patrick Wills has more than 14 years’ experience working at US bank
Manager establishing London-based European BSL CLO platform
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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.
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BGC Partners has agreed to buy Grubb & Ellis after the Santa Ana-based commercial real estate firm filed for bankruptcy protection.
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Citigroup may suffer a write-down of billions of dollars as it unwinds its minority interest in Mortgage Stanley Smith Barney, say analysts.
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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.
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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.
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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.
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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.
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Law firm Baker & McKenzie has picked up Christopher Horn as a partner in the firm’s securitization and structured finance practice in New York.
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A bankruptcy judge in Delaware has approved Washington Mutual’s plan for exiting bankruptcy and repaying creditors some $7 billion.