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...One person familiar with the restructuring said about 175 permanent roles were in jeopardy as a result of the changes, 150 of them in the risk division....
...The high street lender was rescued in a £925mn refinancing deal in October having run into trouble a month earlier after the Bank of England declined to grant it capital relief for mortgage lending until...
...OneWest, as IndyMac was renamed, made headlines for its hard-knuckled approach to evictions and debt collecting, foreclosing on tens of thousands of homes....
...In 2009, Mnuchin led a group of private equity investors that bought IndyMac, a mortgage lender that failed in the 2008 financial crisis, from the Federal Deposit Insurance Corporation....
...The lender, renamed OneWest Bank, was eventually sold to CIT Group, a lucrative deal for Mnuchin. Some of Mnuchin’s colleagues at Goldman and in Washington will play a big role in his bet on NYCB....
...The original Credit Suisse deal with Apollo led to the alternative investment manager taking on one of the Swiss bank’s most profitable divisions, but one that required a lot of capital....
...Antoine GaraWell, what happened was a lot of the people who were inside the banks or adjacent to the banks, they wound up building their own firms....
...Goldman’s asset and wealth management division reported revenue of $3.8bn, up 18 per cent from a year earlier....
...The bond is akin to a bank guarantee or line of credit....
...At the division’s first leadership conference for several years, Federer shared his experiences of coping with the pressure of being a tennis superstar....
...Barclays’ UK consumer bank division generates the highest return on tangible equity, a key measure of profitability, while consuming much less capital than its investment bank, according to JPMorgan....
...Capital One: The Virginia-based bank yesterday agreed to acquire Discover Financial Services in a $35bn all-stock deal....
...She moved over to the consumer banking side of the company, where she ran card services and was finance chief for mortgage banking....
...A law firm consultant said a managing partner of a top firm once called his Newport, Rhode Island, holiday home, “the house that Citi built”, because of the deal he got on his mortgage....
...If customers aren’t gorging on subscription lines, margin loans, interest-only mortgages and other tailored debts, it diminishes the selling points of a bank....
...aftermath of Silicon Valley Bank’s ugly demise....
...So one would not expect to see a handful of banks take most of a market, and for one bank to dominate that handful. How has JPMorgan done it?...
...The group, which represents the €28.5tn European investment industry, has asked major central banks, which jointly own the CLS currency settlement service, to implement urgent measures to address the risks...
...Barclays de Zoete Wedd was its first attempt to build a full-service securities operation, formed in 1985 by merging its merchant bank with a stockbroker and market maker....
...director in the Fed’s supervision and regulation division....
...Citi was divided into divisions, and each division had a specific operational manager, and she was on top. And that would have been true for the previous CEO as well....
...The UK economy returned to growth in January as the services sector fuelled a 0.2 per cent rise in GDP....
...back of strong demand for ancillary services....
...The prime brokerage divisions of banks play a key part in the basis trade because they lend money to hedge funds while using their Treasury bonds as collateral....
...The way forward for the region was through deeper service sector reforms, said World Bank economist Aaditya Mattoo....
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