Latest news
Latest news
Deal raises questions about whether transaction was done at arm's length
Joanna Chan is taking on the role of head of strategic capital
Key points of contention include the investor sanctions regime and the definition of 'resilience'
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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.
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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.