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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Ally Financial has signaled that it would not sign-on to a proposed settlement of charges over foreclosure practices because the charges on the firm would be disproportionate to its exposure, according to Michael Carpenter, the lender’s ceo.
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Allied Home Mortgage has been sued for allegedly engaging in fraudulent lending practices that resulted in thousands of borrowers losing their homes and costing the U.S. government more than $834 million insurance claims.
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Antonio Horta-Osorio, ceo of Lloyds Banking Group, is taking a temporary leave of absence due to illness. He is expected to return before the end of the year.
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An administrative law judge has dismissed a case brought by the U.S. Securities and Exchange Commission against two former executives of State Street for allegedly misleading investors about a fund’s exposure to subprime mortgages.
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A settlement between state attorneys general and top five mortgage servicers over foreclosure practices is near, according to the office of Iowa Attorney General Tom Miller, who is leading the negotiations.
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Jefferies has hired commercial mortgage-backed securities veteran Christian Janssen as managing director and head of commercial real estate debt capital markets in Europe.
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Australia’s Basis Yield Alpha Fund has filed suit against Goldman Sachs over losses it suffered from its investment in Timberworld 2007-1, the collateralized debt obligation sold by the investment bank.
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JPMorgan Chase denies charges by four collapsed corporate credit unions that it mislead them about the risks of mortgage-backed securities sold by the bank.
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Credit Suisse is said to be planning to slash an additional 1,000 on top of the 2,000 positions it has already announced would be eliminated.