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Norton Rose Fulbright and Katten have added to their legal teams
Asset manager wants to offer more products to institutional investors
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The Royal Bank of Scotland has slashed about 3,500 investment banking jobs as it faces a deteriorating economic outlook and new financial regulations.
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Berwin Leighton Paisner has hired Prashanth Satyadeva as a partner in its structured finance group in London as part of a wider move to build the firm’s securitization capability.
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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.
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Nordea Bank Finland is planning to launch a five-year euro-denominated covered bond.
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The Federation Bancaire Francaise said it would be counterproductive for France to unilaterally impose a proposed financial tax without international support.
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The Royal Bank of Scotland is said to be planning a £1.4 billion ($2.16 billion) 12-year sterling-denominated covered bond.
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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.
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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.
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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.