Latest news
Latest news
Investor previously headed consumer ABF at Barings
Norton Rose also recruits experienced partner from Paris law firm to its structurization team
Asset manager's AUM could grow $20bn in 10 years
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Brian Moynihan, ceo of Bank of America, says the bank is developing the framework for mortgage lending market without government-sponsored enterprises.
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The U.S. Federal Housing Administration has underestimated by tens of billions of dollars the default risk of its insured-loan portfolio, according to research by Joseph Gyourko, a real estate professor at the University of Pennsylvania’s Wharton School.
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Roy Chun has joined Freddie Mac Multifamily as asset management senior director of surveillance from the Federal Deposit Insurance Corporation.
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Moody’s Investors Service has placed Credit Suisse on review for a downgrade after Switzerland’s second-largest bank posted losses in investment banking and a decline in wealth management income.
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\Josef Ackermann has announced that he has decided not to accept the chairmanship of Deutsche Bank when he retires next may as ceo.
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UBS has named Sergio Ermotti as successor to Oswald Gruebel as ceo, effective immediately.
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Wyndham Worldwide has completed its $300 million Sierra Timeshare 2011-3 Receivables Funding LLC securitization.
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Alliance Data Systems has closed its $350 million World Financial Network Credit Card Master Note Trust.
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UBS and Citigroup are said to be teaming up to offer $750 million in commercial mortgage-backed securities, as early as next month.