Location Root Tag

The investment bank, which focuses on community banks across the US, launched a new unit, PTUK Limited, last week, according to Eric Brown, president of Performance Trust's institutional group.

The changing climate is increasing insurance rates for residents and cities and lowering property values in areas that face more frequent and intense disasters.

Enpal issues the first European public securitization for heat pumps and solar panels.

The European Banking Federation and the Association for Financial Markets in Europe said the planned tweaks risk "curtailing the utility of securitization."

The move was fueled by BOJ Governor Kazuo Ueda talking up the prospects for a rate hike, leading money markets to lift the chance of a move on Dec. 19 to around 80%, from less than 25% one week ago.

Denmark has offered additional checks and balances by the European Systemic Risk Board as a way to address concerns that insurers' investment in synthetic risk transfers could threaten financial stability.

The region is poised for growth, given the untapped market potential and deglobalization, which will force greater autonomy from the US and drive increased spending.

The Canadian bank said it will take at least a year to hit an inflection point in U.S. loan growth. It has been shedding assets in an effort to free up space for growth in more promising business lines.

Brookfield Asset Management and a private equity partner reached a friendly deal to take over First National Financial Corp., a mortgage company backed by Canadian billionaire Stephen Smith, for about C$2.9 billion ($2.1 billion).

Mostly prime Canadian consumers bolster securitized assets.

A July pickup in activity is just a start, experts say. The banking industry's drive for scale and greater efficiency is expected to drive a renewed wave of consolidation, pushing the institution count lower.

The initiative aims to channel the bloc's financial firepower more efficiently and spur growth by funding key industries including the defense sector.

At the Oval, Trump didn't respond to a follow-up question from a reporter about whether he was trying to remove him.

Offices, apartment buildings and retail locations in Los Angeles face a tangle of difficulties as the smoke clears from January's wildfires. High on the list is inadequate insurance, a common problem in California.

With that sizable fire power, Alcentra hopes to meet the growing market demand for collateralized loan obligations.

The French bank foresees CLO growth in U.S. and Europe but cautions wariness around the current administration's potential impacts to inflation and the economy.

Portfolio enhancements and diversifications cushion the impact of the L.A. wildfires from RMBS losses.

The fund's managers are hoping to replicate the success of their US-focused ETF, which has amassed $17.2 billion in assets under management in less than five years.

Treasury was notified on Dec. 8 by a third-party software provider that a hacker had gained access "to a key used by the vendor to secure a cloud-based service."

China raised $2 billion from three- and five-year securities at one and three basis points over Treasuries, respectively, according to a person familiar with the matter.