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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The International Monetary Fund has endorsed proposals by the Swiss National Bank to raise capital requirements on UBS and Credit Suisse, the country’s largest banks, to 19%, well above the percentage adopted by the Basel Committee on Banking Supervision.
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The Federal Deposit Insurance Corporation is seeking to standardize the industry-wide standard for qualified residential mortgages with a mandatory 20% down payment threshold, according to an FDIC official in a press briefing this morning.
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Wyndham Worldwide, the hospitality corporation, has completed a term securitization involving the issuance of $400 million of investment-grade asset-backed notes.
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Allstate has filed lawsuits against at least seven financial institutions and their affiliates over some $2.78 billion in mortgage-backed securities they sold.
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The Office of the Comptroller of the Currency has warned banks of companies that have begun offering programs that would allow them to reduce their non-performing assets by exchanging other real estate owned (OREO) for an interest in another asset purported to be performing.
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The U.K.’s Financial Services Authority and the Bank of England have come under heavy criticism for proposing that domestic banks double the capital ratio adopted proposed the Basel Committee on Banking Supervision to 15% to 20%.
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Lloyds Banking Group is said to be looking to accelerate the sale of some 600 branches well before the 2013 deadline set by the European Union.
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Lloyds TSB has been sued by a group of investors over its merger with HBOS.
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Northern Rock plans to reduce its workforce by 680 jobs this year to help lower costs after reporting a loss of £232 million ($373.06 million) for 2010.