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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U.S. District Judge Harold Baer of Manhattan has certified a class action against Goldman Sachs involving residential mortgage-backed securities it sold in 2006 and from which plaintiff investors claim they lost nearly $700 million.
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U.S. District Judge Mariana Pfaelzer of Los Angeles has dismissed a lawsuit brought by Allstate against Countrywide Financial over $700 million in losses from mortgage-backed securities sold by the firm now owned by Bank of America.
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Barclays is said to be considering slashing compensation for its 24,000-strong Barclays Capital wing by between 25% and 30%.
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Citigroup has announced that it is exiting wholesale mortgage lending and will instead devote more resources to correspondent and retail channels.
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Asset Management Fund has become the latest customer of JPMorgan Chase to sue the investment bank over residential mortgage-backed securities.
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Cantor Fitzgerald has launched coverage of the U.S. real estate investment trust sector with a team made up mainly of professionals formerly with FBR Capital Markets.
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Lloyds Banking Group has announced management changes that were hinted at last week by Antonio Horta-Osorio, ceo.
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Denver-based CoBiz Financial has announced the formation of CoBiz Structured Finance, which it says will provide asset-based loans to middle-market businesses.
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German cooperative lender DZ Bank has been the latest to file against JPMorgan Chase for alleged misrepresentations in the offering materials of mortgage-backed securities it sold.