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
More articles
More articles
-
Bank of America has appointed Ron Sturzenegger as head of Legacy Asset Servicing, the unit that handles delinquent loans, foreclosures and mortgage repurchases.
-
Ally Securities is building up its presence in collateralized mortgage obligations, hiring away trader Bruce Graham from BNP Paribas and structurer Chris O’Bara from Normura Securities.
-
U.S. District Judge Marian Pfaelzer has handed Bank of America a victory by consolidating eight lawsuits against the bank’s Countrywide Financial unit over mortgage-backed securities.
-
Allstate Insurance has filed suit against Goldman Sachs for selling it more than $100 million worth of residential mortgage-backed securities that Allstate claims the investment bank knew were junk.
-
Lloyds Banking Group has joined Green Property to recover the value of as much as €1 billion ($1.42 billion) of distressed properties backed by debt from the troubled lender.
-
The Federal Reserve is said to be working on capital standards for U.S. banks that will not be stricter than those adopted for global institutions by the Basel Committee for Banking Supervision.
-
The U.S. Securities and Exchange Commission has filed suit against Stifel Nicolaus, charging the broker with defrauding five Wisconsin school districts by selling synthetic collateralized debt obligations that were “unsuitably risky and…largely with borrowed money.”
-
Nomura International has hired Jean-Marc Alexis as a structured products solutions specialist.
-
CEMEX has announced the roll-over of its accounts-receivable securitization in Mexico.