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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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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.
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The Blackstone Group and Wells Fargo are said to have agreed to buy an estimated $600 million U.S. commercial property loans from Allied Irish Banks.
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Santander is said to have suspended plans for a sale of EUR2 billion in foreclosed assets after failing to attract high enough bids.
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The European Banking Authority rules that assign stricter risk weights to mortgage assets are hurting Nordic banks more than regulations in their respective nations.