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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BNP Paribas is planning to reduce its corporate and investment-banking units by 1,400 jobs, or about 6.5% of its work force, taking aim at the capital markets and structured finance businesses.
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Société Générale has said it will cut several hundred jobs in its corporate and investment banking unit next year to help it meet higher capital requirements.
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The Federal Reserve Bank of New York announced that it will raise margin requirements on 21 primary dealers in mortgage-backed securities transactions.
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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.