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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 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.
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RIFCO has raised its $30 million Securcor Trust Securitization Facility to C$50 million ($48.6 million), which the company says will allow the auto loans firm to securitize to C$50 million in total loans in 2011.
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Ranieri Real Estate Partners has teamed up with private equity funds affiliated with WL Ross to acquire Deutsche Bank Berkshire Mortgage.
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Bank of America is said to be in talks to sell its correspondent mortgage unit to National Mortgage Holdings, a unit of Fortress Investment Group.
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UBS has named Sergio Ermotti as interim ceo after the resignation Friday of Oswald Gruebel following the bank’s $2.33 billion loss from unauthorized trading.
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JPMorgan’s auto asset-backed securities banking team told SI they see the sector thriving despite ongoing market volatility, with deals pricing at record tights in the past week.
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Lehman Brothers Holdings has decided that it will not appeal a U.S. Bankruptcy Court ruling that upheld the sale of its North American business in 2008 to Barclays Capital.
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HSBC Canada has announced that it is selling its retail brokerage to a unit of National Bank Financial in a deal valued at C$206 million ($200 million).