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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UBS has admitted that it failed to take action once it uncovered evidence of authorized trading, which led to losses of $2.3 billion at the Swiss bank.
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David Kaplan, head of residential mortgage-backed securities trading at PrinceRidge, was let go yesterday, reportedly as part of cuts on the securitization side of the business as the two-year-old group looks to focus instead on corporate financing. Kaplan could not be reached for comment.
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Agency residential mortgage-backed securities veteran Greg Reiter has left the Royal Bank of Scotland.
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The French and Belgian governments have agreed to provide guarantees to Dexia’s new bad bank to protect depositors and its municipal lending business.
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Valcour Capital Management has hired John D’Angelo to head its bank debt group.
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Bank of America has decided to close its correspondent-lending unit by the end of the year after negotiations with Fortress Investment Group broke down.
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The Bank of England’s Financial Policy Committee has urged U.K. banks to resist dropping capital and liquidity levels in an effort to boost the credit supply.
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A deal between the Royal Bank of Scotland and The Blackstone Group to clear some of the soured property loans from the bank’s balance sheet appears in danger of falling apart.
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StormHarbour Securities has hired Paulo Gray as a principal and managing director in London, where he will head fixed income sales and trading, structuring and advisory, and capital markets for the Iberian region.