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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
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The U.S. government reached a $25 billion settlement with the nation’s five largest mortgage loan servicers to provide relief to homeowners struggling with their mortgages, as well as payments to the federal and participating state governments.
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Spain’s CaixaBank has priced its five-year EUR1 billion ($1.32 billion) covered bond at 248 basis points above midswaps.
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UBS is said to have told its employees that it will claw back part of the bonuses awarded its highest-paid investment bankers for the first time.
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Goldman Sachs and Morgan Stanley have indicated that they will rework their policies for reclaiming compensation to make it clear that it will apply to supervisors as employees who take excessive risk.
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U.S. District Judge Jed Rakoff of Manhattan has dismissed two lawsuits against Deutsche Bank over losses claimed from residential mortgage-backed securities it sold.
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Deutsche Bank and UBS have adopted less generous bonuses policies. .
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Money manager CQS U.K. has launched CQS ABS Alpha Fund, a hedge fund that will trade U.S. asset-backed securities.
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National Australia Bank is looking to reduce the size of its U.K. operations, Clydesdale Bank and Yorkshire Bank, in the face of prolonged subdued growth in the U.K.
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Lloyds Banking Group is planning to eliminate 990 jobs in an effort to cut £1.5 billion ($2.36 billion) in costs.