Latest news
Latest news
Key points of contention include the investor sanctions regime and the definition of 'resilience'
Magnetar and Chorus Capital lose experienced pros
Vida Bank is also building up its funding team
More articles
More articles
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Fund managers are the biggest buyers of European asset-backed securities this year, but investment banks continue to play a major role in the investor pool, according to Barclays Capital research in London.
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The U.K. Independent Commission on Banking is said to be considering a minimum capital buffer for banks in addition to equity.
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Ireland’s Financial Regulator has ordered Bank of Ireland, Allied Irish Banks, Permanent TSB and Educational Building Society to book their expected losses, according to a government memo to the International Monetary Fund.
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Bret Ackerman, former head of residential mortgage-backed securities trading at StormHarbour Securities, has joined New York-based broker-dealer Odeon Capital Group as a senior v.p.
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Agency mortgage trader Perrin Arturi has left UBS for a new post at the Royal Bank of Scotland, where he is a managing director reporting to Brian Song, head of agency pass-through securities. Arturi started earlier this month and will focus on 15-year mortgage securities. He declined to comment on the move.
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An underlying loan in Deutsche Bank’s European commercial mortgage-backed deal, Cornerstone Titan 2007-1, has been placed into special servicing after the borrowers for the fourth consecutive time failed to pay required instalments.
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NIBC is keeping securitization in its future funding arsenal—even as it plots out a temperate role in the market.
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Investors in asset-backed securities are battling for allocations and having to look off the run and further down the road to get what they want. A dearth of new issue ABS is pushing investors to esoteric ABS, longer-dated or subordinated paper as the best ways to get their fill, buysiders and bankers said.
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Securitization veteran Bill King is rumored to be on his way to UBS to take a senior role in the bank’s North American investment banking group. Officials at UBS could not confirm the potential hire. King did not return repeated calls.