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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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The European Banking Authority rules that assign stricter risk weights to mortgage assets are hurting Nordic banks more than regulations in their respective nations.
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Nebraska-based outdoor retailer Cabela’s says its Credit Card Master Note Trust has completed the sale of $300 million of asset-backed notes, Series 2011-IV.
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BNP Paribas and Société Générale have picked up the pace of cuts in trading books to avoid having to rely on shareholders or government for help.
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Wells Fargo Securities and RBS Securities are said to be preparing to offer $1 billion in commercial mortgage-backed securities tied largely to retail and hotel buildings.
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Charles Haldeman is planning to step down as ceo of Freddie Mac but says he will stay on until a successor is found.
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Appaloosa Management is said to be considering buying and selling commercial mortgage-backed securities after Wall Street firms have decided to shrink their exposure to corporate debt.
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Barclays has sold its retail and commercial banking operations in Russia to investors, as the U.K. bank had announced in February.
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Morgan Stanley is selling its Saxon mortgage-servicing unit to Ocwen Financial for $59.3 million plus an estimated $1.4 billion for outstanding receivables.
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UBS, Deutsche Bank and other large investment banks in Europe are seen to be picking up the pace of reducing workforce and selling assets in the face of disappointing earnings and tighter capital regulations.