Latest news
Latest news
TwentyFour priced its Dutch prime RMBS refi, Blackstone its sterling logistics CMBS
Blackstone is aiming to execute its CMBS before the market shuts for Global ABS
Second large office CMBS in quick succession after The Soloviev Group sold a $1.7bn New York office CMBS last week
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Moody’s has downgraded the long-term debt and deposit ratings by one to three notches on 16 Spanish banks plus the U.K. subsidiary of Banco Santander.
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U.K. taxpayers could face a loss of £2 billion ($3.16 billion) from a wind down of Northern Rock, according to estimates by the U.K.’s National Audit Office.
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Stuart Gulliver, ceo of HSBC, said the bank may consider selling its U.K. branches if the costs of ringfencing regulations make it impossible for it to meets its profit targets.
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Italian banking group Associazione Bancaria Italiana has been working with Consob, the country’s market regulator, to make it easier for banks to raise funds from retail investors by simplifying the bond-issuance process.
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Russia’s DeltaCredit Bank is preparing to offer a RUR5 billion ($160.05 million) five-year Series 09-IP mortgage-backed securities issue.
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The level of bad loans held by Spanish banks rose to 8.37%, or EUR148 billion ($188 billion) in March, the highest level since September 1994, according to the Bank of Spain.
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Spain’s Finance Ministry is said to be planning to require the nation’s banks to swap preferred shares for ordinary shares or convertible bonds and will set the swap-ratio criteria.
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The underlying properties in the troubled £188 million ($297.4 million) Alburn Real Estate Capital 6 U.K. commercial mortgage securitization look set to be sold off.
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Deutsche Bank and Cantor Fitzgerald are said to be preparing to sell $824 million in commercial mortgage-backed securities in the coming days.