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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Morgan Stanley announced plans to cut an estimated 1,600 amid a 45% decline in the investment bank’s share price this year.
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The U.S. Securities and Exchange Commission has filed an appeal of the ruling last month by U.S. District Judge Jed Rakoff of New York, who rejected a proposed $285 million settlement between the SEC and Citigroup over of mortgage-backed securities.
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Wells Fargo and CitiMortgage top Fannie Mae’s list of the country’s largest mortgage servicers doing the most to prevent foreclosures in 2011.
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Peter Ma has joined Guggenheim Partners to lead its primary and secondary agency commercial mortgage obligations trading.
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Complying with higher capital requirements will force European banks to come up with an estimated EUR200 billion ($260 billion) in additional funds or cut their balance sheets by around 17%, according to the Boston Consulting Group.
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Fitch Ratings has downgraded five European banks, mainly because of their exposure to troubled euro zone countries through their subsidiaries.
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KfW said that it will focus on supporting the securitization of small and medium-size enterprise financing in 2012.
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Sir Fred Goodwin, former ceo of Royal Bank of Scotland, could face criminal charges after a report by the U.K. Financial Services Authority stated that the bank’s directors may have violated the country’s accounting laws.
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Lloyds Banking Group has tapped the Co-operative Group as preferred bidder for the more than 630 of its branches it is required sell as one of the terms of its 2008 bailout.