Latest news
Latest news
New realm for ex-Natixis banker, as HSBC Innovation Bank hires
Patrick Wills has more than 14 years’ experience working at US bank
Manager establishing London-based European BSL CLO platform
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Lloyds Banking Group has sold more than £900 million ($1.41 billion) in mortgage-backed loans to Lone Star Funds, the U.S. private equity firm.
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Reed Smith has hired Tamara Box as head of structured finance in the law firm’s financial industry group in London.
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Royal Bank of Scotland is close to completing a deal with the Blackstone Group to offload control of £1.4 billion ($2.17 billion) of distressed mortgages, known as Project Isobel.
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Barclays and hedge fund Angelo Gordon have asked a federal court to determine whether an estimated $600 million in outstanding commercial mortgage-backed securities defaulted.
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The Basel Committee on Banking Supervision said conglomerates could not double count capital of both a bank parent and insurer toward meeting capital requirements in an accounting method known as consolidation.
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The U.K.’s National Audit Office is investigating the sale of Northern Rock to Virgin Money after complaints that the deal is poor value for taxpayers.
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Barclays Capital is looking to sell German properties that it had acquired in November by exercising a call option on a EUR1.36bn ($1.78 billion) loan made in 2007 to BauBeCon, the German residential landlord.
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Avnet, the electronics component distributor, has dropped Crédit Agricole from its asset-backed revolving credit facility because of the French bank’s current financial situation, according to Ray Sadowski, Avnet’s cfo.
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The suggestion by the UK’s Financial Services Authority that hostile bank takeovers should be banned in the light of the disastrous experience of RBS’s takeover of parts of ABN Amro in 2007 was met with scepticism by senior bankers this week.