SINGAPORE/HONG KONG (Reuters) - Royal Bank of Canada and Credit Suisse are among suitors who have put in initial bids to buy the non-U.S. wealth management business of Bank of America in a deal that could be worth about $2 billion, sources said. Swiss bank Julius Baer was also keen to bid for some of BofA's units in Europe, the Middle East, Latin America and Asia excluding Japan, the sources
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RBC, Credit Suisse among bidders for BofA wealth units: sources
Posted by mortgage 6 days ago (Editorial)
Sources: Ally Financial's mortgage unit nears bankruptcy
Posted by mortgage 9 days ago (Editorial)
NEW YORK (Reuters) - Ally Financial Inc's Residential Capital unit is nearing a bankruptcy filing, sources familiar with the situation said on Sunday, in a move that could help the taxpayer-owned auto lender to shed its troubled mortgage business but also spur drawn-out legal fights.
Ally Financial's mortgage unit nears bankruptcy: sources
Posted by mortgage 9 days ago (Editorial)
NEW YORK (Reuters) - Ally Financial Inc's Residential Capital unit is nearing a bankruptcy filing, sources familiar with the situation said on Sunday, in a move that could help the taxpayer-owned auto lender to shed its troubled mortgage business but also spur drawn-out legal fights. The board of ResCap is scheduled to meet later on Sunday and a pre-arranged bankruptcy filing, where Ally has
US to Charge ex-Suisse Traders on Subprimes: Sources
Posted by mortgage 112 days ago (Editorial)
US authorities are preparing to charge four former Credit Suisse employees with criminal and civil fraud related to write-downs on subprime mortgage derivatives at the height of the financial crisis, sources familiar with the matter said.
U.S. to charge ex-Suisse traders on subprimes: sources
Posted by mortgage 112 days ago (Editorial)
U.S. authorities are preparing to charge four former Credit Suisse Group AG employees with criminal and civil fraud related to write-downs on subprime mortgage derivatives at the height of the financial ...
Ex-Credit Suisse workers face charges in subprime case: sources
Posted by mortgage 112 days ago (Editorial)
(Reuters) - U.S. authorities are preparing to charge former Credit Suisse Group AG employees with criminal and civil fraud related to write-downs on subprime mortgage derivatives at the height of the financial crisis, sources familiar with the matter said. Credit Suisse will not be charged in the matter, which is being investigated by federal prosecutors and the U.S. Securities and Exchange ...
Citigroup to pare stake in HDFC - sources
Posted by mortgage 345 days ago (Editorial)
MUMBAI (Reuters) - Citigroup has decided to reduce its stake in mortgage lender Housing Development Finance Corp to about 10 percent from 11.4 percent now via stock market deals, two sources with knowledge of the matter said on Monday.
Ally Financial delaying IPO: sources
Posted by mortgage 348 days ago (Editorial)
Ally Financial, the auto and mortgage lender majority-owned by the U.S. government, is delaying its initial public offering due to bad market conditions, two sources familiar with the situation told Reuters.
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