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Securitization People and Markets

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  • Credit Suisse is said to be selling risk assets such as mortgage-backed securities to senior bankers, the same group that received the assets as part of their 2008 compensation.
  • Nordea Bank Finland is planning to launch a five-year euro-denominated covered bond.
  • The Federation Bancaire Francaise said it would be counterproductive for France to unilaterally impose a proposed financial tax without international support.
  • The Royal Bank of Scotland is said to be planning a £1.4 billion ($2.16 billion) 12-year sterling-denominated covered bond.
  • Spain’s Banco Bilbao Vizcaya Argentaria said it will write down EUR1 billion ($1.28 billion) from its 2011 balance sheet in its U.S. unit because of prospects of weak growth.
  • William Dudley, president of the Federal Reserve Bank of New York, has been named chairman of the Bank for International Settlements’ Committee on the Global Financial System for the next three years.
  • Banco Santander may sell more non-core assets to help it raise its capital ratio to 10% by June, according to José Antonio Alvarez, the Spanish bank’s cfo.
  • Philipp Hildebrand has resigned as chairman of Swiss National Bank after revelations that his wife had made currency trades three weeks before the central bank capped the Swiss franc.
  • Virgin Money has named Mark Parker as coo of the bank, which has grown in size with the takeover of part of Northern Rock on Jan. 1.