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'
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Mandy Spink is said to be leaving as head of large complex U.K. banks at the Financial Services Authority.
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Iceland’s Aerion Bank has launched a EUR1 billion ($1.33 billion) covered bond program, the first in the country by a domestic lender since its banking crisis.
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The Royal Bank of Scotland has reported that losses nearly doubled last year to £2 billion, up from £1.1 billion in 2010.
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Deutsche Bank has priced its EUR500 million ($655.6 million) covered bond at 22 basis points above midswaps.
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Four former employees of MF Global, the brokerage firm that went bankrupt late last year, have joined Knight Capital as part of that firm’s effort to expand its sales team in non-agency mortgage-backed securities, according to John Welde, Knight’s global head of structured product sales.
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Ireland’s Sealink Funding has filed additional lawsuits against several big banks, including JPMorgan Chase, Citigroup and Bank of America, over $949 million in residential mortgage-backed securities.
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The Federal Reserve has been secretly rewriting financial regulations—said to be the most sweeping overhaul since the Depression—raising transparency issues.
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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.