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 Royal Bank of Scotland’s share of the mortgage-lending market has plunged by nearly half in the past 12 months from 14% at the end of the third quarter of 2010 to 8%.
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GAM today launched the GAM Star Cat Bond, a UCITS-compliant fund that will invest in securitized insurance risk through a portfolio of 40 to 50 catastrophe bonds.
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Commerzbank is temporarily suspending new business at Eurohypo, its commercial property finance unit, as part of its effort to reduce its risk-weighted asst by up to EUR30 billion ($41.28 billion), effective immediately.
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The Financial Stability Board has named Mark Carney to head the agency.
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ING Groep has announced that it will reduce its work force by 11%, an estimated 2,000 jobs despite reporting third-quarter earnings that exceeded analysts’ forecasts.
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Real estate lending by U.K. banks has plunged to levels last seen following the collapse of Lehman Brothers Holdings in September 2008, according to Jones Lang LaSalle.
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Germany’s central bank is planning to investigate the EUR55.5 billion ($76 billion) accounting error reported earlier this week by FMS Wertmanagement, Hypo RE’s bad bank.
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The U.K. mortgage market is likely to become more complex after the Prudential Regulation Authority and Financial Conduct Authority replace the Financial Services Authority next year, according to Paul Smee, director general of the Council of Mortgage Lenders.
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Irish Bank Resolution Corp. has sold a $3.3 billion commercial real-estate portfolio to Wells Fargo.