Barclays (NYSE:BCS), Credit Suisse (NYSE:CS), Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS) and the Royal Bank of Scotland (NYSE:RBS) have been invited to participate in an auction to sell off another $6 billion of ex-Amerian International Group (NYSE:AIG) mortgage bonds this week by the Federal Reserve Bank of New York. Last month, CS bought debt with a principal value of $7 billion and quickly resold it.

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Itau Unibanco (NYSE:ITUB) will buy the almost 50% of card payment processor Redecard it doesn’t already own. ITUB is a Brazilian bank, which intends to pay up to 11.77 billion Brazilian reals ($6.81 billion) in the deal.

Lloyds (NYSE:LYG) has announced the cutting of nearly 1,000 positions and the closing of several offices, which will bring total layoffs to about 4,000 in less than a year. The United Kingdom government remains a 41% owner of the lender.

Santander (NYSE:STD) will set aside 2.3 billion euros in loss provisions. STD is Spain’s largest bank, and new government standards are forcing lenders to more realistically value the real estate assets on their books. Banco Bilbao Vizcaya Argentaria SA (NYSE:BBVA) which is the second largest lender in Spain will set aside 2.8 billion euros, but unlike Santander, expects the provisions to result in a large (1.3 billion euros) hit to 2012 earnings.

Goldman Sachs (NYSE:GS) announced it purchased Dwight Asset Management from Old Mutual Asset Management. The amount for which was undisclosed as it makes a stronger push into the defined contribution investment-only business. The firm expects Dwight to become a part of Goldman Sachs Asset Management sometime in the second quarter.

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To contact the reporter on this story: at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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