CLS Bank, the multi-currency cash settlement system provider, is aiming to settle same-day US dollar/Canadian dollar and US dollar/Mexican peso currency trades by the end of 2010, according to chief executive Rob Close.
A conclusion was reached last week for one of Germany’s recent banking crises as Texas-based private equity firm Lone Star agreed to purchase KfW Bankengruppe’s (KfW) stake in struggling IKB.
Ingrid Matthaus-Maier has signalled her intention to retire in September from the board of KfW Bankengruppe, the Frankfurt-based federal German bank.
German bank KfW has increased its risk provision for the troubled bank IKB, in which it holds a majority stake, after default risk on IKB's Rhineland conduit rose significantly.
Banco Comercial Portugues (BCP) and Kreditanstalt für Wiederaufbau (KfW) are bringing to market the first synthetic securitisation transaction in Portugal. A portfolio consisting of Portuguese small and medium-size enterprise (SME) loans will be brought...