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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The Dutch Stichting Pensioenfonds retirement plan has filed suit against JPMorgan Chase, charging the investment bank allegedly violated securities laws in its sales of residential mortgage-backed securities.
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Washington Mutual is engaged in “nonstop” mediation that may resolve its three-year bankruptcy in February, according to Brian Rosen, an attorney for the bank.
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ING Groep has offered to buy back and exchange EUR5.8 billion ($7.7 billion) of subordinated debt in an effort to meet higher capital requirements.
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Antonio Horta-Osorio has said he is prepared to return to his job as ceo of Lloyds Banking Group, but investor skepticism over his readiness is said to have prompted the bank’s board to put him through a thorough vetting process as if he were first applying for the position.
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RBC Dexia Investor Services has named Guy d’Abrand as head of securities lending in the firm’s London office, effective next month.
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HSBC says it will review sales of asset-backed securities to the elderly as far back as 1991 after the bank was hit with a hefty fine for miss-selling the securities to such customers.
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Citigroup is planning to reduce its global workforce by 4,500, or 1.7%, in an effort to lower costs in the wake of unprecedented market conditions and sluggish revenue.
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The Federal Housing Finance Agency has named Manoj Singh as principal risk examiner for Fannie Mae and Freddie Mac.
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Lloyds Banking Group is said to have selected private equity firm Lone Star as preferred bidder for a £1.6 billion ($2.14 billion) portfolio of U.K. commercial property debt.