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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Bank of America has ousted Joe Price and Sallie Krawcheck as heads of consumer banking and wealth management, respectively, as part of CEO Brian Moynihan’s plan to streamline management.
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International law firm Walkers has formed an insurance-linked securities group, which will advise clients on legal and practical aspects of trading, financing and securitizing risk involving Cayman Islands and Irish entities.
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Belgian’s proposed covered-bond legislation is expected to be released by the end of November, according to Ivan Peeters of the Brussels law firm Stibbe, one of the attorneys working on the draft measure for the past two years.
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Frank Byrne has left UBS as global head of securitization.
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The Federal Reserve is said to be pressing Bank of America to supply it with a contingency plan for how it will proceed if its financial situations worsens.
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Saba Capital Management is said to have hired Toby Maitland Hudson to be in charge of credit default swaps linked to commercial mortgage-backed securities and relative-value trades.
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Amsterdam-based Kas Bank has named Beta Steiner as the new head of securities lending.
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Robert Kelly has quit as chairman and ceo of BNY Mellon over “differences in approach in managing the company,” according to the bank.
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The Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, has joined in filing objections to the proposed $8.5 billion Bank of America mortgage-servicing settlement.