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 says it plans to cut 3,500 jobs to help reduce some CHY2 billion ($2.54 billion) from its annual expenses.
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Some of the U.K.’s largest banks are said to be using assets that were considered toxic during the financial crisis to help close shortfalls in their pension funds.
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Rothschild is said to have agreed to acquire Elgin Capital, a manager of collateralized loan obligations, in a deal that will triple the financial advisers European leveraged loans undermanaged to roughly €2 billion ($2.9 billion).
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Tareck Safi, managing director in London, has left the Royal Bank of Scotland, where he focused on asset-backed securities structuring and trading.
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Deven Sharma is stepping down as president of Standard & Poor’s Sept 12.
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Eric Schneider, head collateralized loan obligation trader at Morgan Stanley, has left the firm for hedge fund Omega Advisors, according to an official with knowledge of the move.
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A slowdown in earnings poses a greater risk than liquidity for European banks, according to Deutsche Bank analysts.
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GE Capital has boosted its U.K. and cross-border structured asset-based lending team by hiring James Simeons as director of corporate originations and structuring.
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Bank of America could face another $9 billion of liability for bad mortgages if a New York judge decides a case in favor of bond insurer MBIA and requires the bank to buy back loans even if the problems in the mortgages did not result in a borrower’s default.