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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Belgium and France are scheduled to begin talks Saturday on dividing the assets of Dexia, the bank jointly owned by both countries.
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Germany may revive SoFFin, the bank bail-out fund if the government determines it is necessary, according the country’s finance ministry.
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Reaction was mixed to the announcement that the European Central Bank would launch a new covered-bond purchase plan next month.
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Pressure is mounting on Bank of New York Mellon to settle fraud charges in connection with foreign-exchange cases as the New York state attorney general and the U.S. Attorney’s Office in Manhattan have filed fresh complaints against the bank.
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MF Global has expanded its mortgage-backed securities team with the hiring of Rusian Margolin, Peter Ma and Steven Boginsky.
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Bank of America has confirmed reports that it is closing its retail lending operations in six low-volume states-- Alabama, Alaska, Montana, Nebraska, Wisconsin and Wyoming—as it works to streamline its mortgage business.
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Nationwide Building Society is launching a euro-denominated covered bond, in addition to a prime residential mortgage-backed securitization.
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Dexia is said to be in advanced talks with a potential buyer for its Luxembourg branch, according to Luc Frieden, the country’s finance minister.
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A U.K. tax tribunal has affirmed a valuer’s judgment and ruled that investors in Northern Rock were not entitled to any compensation for losses they suffered after the British government nationalized the troubled mortgage lender in February 2008.