Latest news
Latest news
Norton Rose Fulbright and Katten have added to their legal teams
Asset manager wants to offer more products to institutional investors
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The Investment Company Institute has launched ICI Global, a new trade organization that will focus on regulatory, market and other issues for global investment funds.
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UBS has suspended its entire Delta 1 trading team as it continues to investigate the unauthorized-trading scandal that resulted in a loss of $2.3 billion to the Swiss bank.
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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.