Latest news
Latest news
Norton Rose Fulbright and Katten have added to their legal teams
Asset manager wants to offer more products to institutional investors
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Bob Diamond, ceo of Barclays, predicts there will be a wave of bank consolidations in Europe over the next 12 months as financial institutions focus on their stronger units and unload their weaker ones.
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Lloyds Banking Group has said David Roberts, its non-executive director, would become interim ceo in the event that the current chief, Antonio Horta-Osorio, extends his medical leave into next year.
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UBS is said to be considering shrinking its bonus pool to help recover some of the $2.3 billion it lost from unauthorized trading.
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Citigroup has sold the servicing rights for its $2.6 billion residential-loan portfolio to CWCapital.
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Phyllis Caldwell is leaving the Department of the Treasury and her position as head of the its Homeownership Preservation Office and the Home Affordable Modification Program Dec. 9.
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Standard & Poor’s says it will update its credit ratings for the world’s 30 largest banks and may downgrade some of them.
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Michael DePietro is said to have left his position as head of trading for non-agency residential mortgage-backed securities at Morgan Stanley.
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Wedbush Securities has expanded its agency trading and sales team with the hiring of Stephen Strobel and Matthew Bonnerup.
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Santander is said to have named Morgan Stanley Real Estate as its preferred bidder for a EUR3 billion real estate portfolio, ahead of consortium of Goldman Sachs and Cerberus Asset Management.