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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JPMorgan Chase is said to have completed its sale of $1 billion in commercial mortgage-backed securities after it had difficulty finding buyers for the riskier tranches.
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Morgan Stanley Mortgage Capital Holdings has agreed to pay the state of Nevada $7.2 million to settle charges that the firm engaged in deceptive practice in connection with purchasing and securitizing some 3,000 subprime mortgages in the state.
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A federal judge in Columbus, Ohio, has dismissed a lawsuit brought by five state employee pension funds against Standard & Poor’s, Moody’s Investors Service and Fitch Ratings over their ratings of mortgage-backed securities.
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Deloitte & Touche has been slapped with two lawsuits for failing to detect fraud through its audits of Taylor Bean Whitaker, the defunct mortgage lender.
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Goldman Sachs is said to be preparing for deeper cuts and more layoffs than earlier projected as it expects its third-quarter report to be one of the worst since going public in 1999.
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The UBS securitization team may be relocating to Manhattan soon, despite shelved plans for a larger move of the bank’s entire Stamford, Conn., outpost back into the city, according to officials familiar with the strategy.
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McGraw-Hill has acknowledged that it may face a civil injunctive action by the U.S. Securities and Exchange Commission over ratings awarded a collateralized debt obligation by its Standard & Poor’s Rating Services in 2007.
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The Internal Revenue Service and banks are engaged in a battle over taxes.
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The Office of the Inspector General of the Federal Housing Finance Agency says Fannie Mae was aware that attorneys representing the government-sponsored enterprise were filing false foreclosure-related documents but failed to act on it.