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
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Lloyds Banking Group is the only U.K. bank to access the European Central Bank’s emergency long-term funding facility. .
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Santander, BBVA and Caixabank—Spain’s three largest banks—have earmarked an aggregate EUR6.9 billion ($9 billion) to cover toxic assets, as mandated by the Spanish government.
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Dallas-based law firm Thompson & Knight is bringing on at least two Crowell & Moring attorneys and is in talks to bring a handful of other Crowell attorneys to its New York office, according to people familiar with the matter.
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Macquarie Bank is said to have joined JPMorgan Chase, State Street and Ameriprise Financial in bidding for Deutsche Bank’s asset management divisions.
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Santander reported that net lending plunged 80% from £5.5 billion ($8.7 billion) to £1.1 billion ($1.74 billion) in 2011 from the preceding year, though gross lending inched up 2%.
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Crédit Agricole has announced plans to revise its financial model for its corporate and investment bank to allow it to continue engaging in project and trade finance in the face of higher capital requirements imposed by the Basel Committee on Banking Supervision. .
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La Française Real Estate Managers is preparing to roll out a EUR300 million ($394.8 million) senior debt fund to provide senior loans to core property assets in France.
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Standard & Poor’s shakeup of senior management has continued with the removal of managing Barbara Duka as head of commercial mortgage-backed securities.
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Eric Schneiderman, the attorney general of New York state, has filed a lawsuit against Bank of America, JPMorgan Chase and Wells Fargo for allegedly engaging in “deceptive and fraudulent” foreclosure practices through MERS, the national mortgage electronic registry system.