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Deutsche Bank said to have mismarked 37 loans

Deutsche Bank - External

Deutsche Bank, indicted for colluding with Banca Monte dei Paschi di Siena SpA to conceal the Italian lender’s losses, mismarked the transaction and dozens of others on its own books, according to an audit commissioned by Germany’s regulator.

JPMorgan agrees to pay $995m to resolve Ambac claims

Jamie Dimon

JPMorgan agreed to pay $995m to resolve claims by Ambac Financial Group that it was duped into insuring mortgage bonds backed by shoddy loans, paving the way for approval of a much larger settlement between the bank and institutional investors stemming from the global financial crisis.

Cantor v Kantor

Gavel Jason Morrison

Cantor Fitzgerald is escalating a contract dispute with its former head of investment banking, Steven Kantor, suing Tuesday in a bid to force him to repay $9m in loans.

Mizuho to hire up to 200 RBS staff

For Hire

Mizuho Financial Group plans to hire as many as 200 people from Royal Bank of Scotland in the U.S. as part of its deal to buy loans from the lender, a person with knowledge of the matter said.

Newly-hired brokers help UBS unit

Dollars

Revenue at the U.S. UBS brokerage unit inched up at the end of 2014 as clients of newly hired brokers transferred fee-generating assets to the firm, brokers made more interest-generating loans and customer trading accelerated in a rising stock market.

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