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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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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.
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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.