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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Daniel Tarullo, a member of the Federal Reserve board of governors, says the central bank will likely draft rules for U.S. banks based on the recommendation by the Basel Committee on Banking Supervision in the first quarter of 2012, but that it was unlikely banks would implement them before the scheduled deadline.
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The U.S. Securities and Exchange Commission has sworn in Daniel Gallagher as its newest commissioner.
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Citigroup and JPMorgan Chase are the two U.S. banks likely to pay the highest capital surcharge rate of 2.5% as adopted by G-20 leaders, according to a provisional list obtained by Bloomberg.
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Changes to the government’s Home Affordable Refinance Program may result in Bank of America having to absorb $4.5 billion in losses.
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Moneygram Payment Systems has filed suit against Citigroup charging the bank and two of its units engaged in a “fraudulent scheme” to sell nine collateralized debt obligations linked to mortgages.
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A group of investment advisers and investors in residential mortgage-backed securities has sued Morgan Stanley, charging the investment banks with selling loans in $6 billion worth of residential mortgage-backed securities trust “based on false and/or fraudulent representations and warranties.”
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KGS-Alpha Capital Markets has added a commercial mortgage-backed securities trading team with three arrivals from Citadel Securities.
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Germany’s Commerzbank may struggle to raise nearly EUR3 billion ($4.12 billion) to meet higher capital requirements by next June because of stagnant growth and limited ability to reduce risk-weighted assets, according to Fitch Ratings.
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JPMorgan Chase is said to be planning a $739 million floating-rate commercial mortgage-backed securitization and has already sold the riskiest tranches to investors.