Latest news
Latest news
Deal raises questions about whether transaction was done at arm's length
Joanna Chan is taking on the role of head of strategic capital
Key points of contention include the investor sanctions regime and the definition of 'resilience'
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Bank of America has announced it will cut around 3,200 staffers in its mortgage unit as a result of declining mortgage applications.
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Cerberus Capital Management is planning its next distressed fund but it will be roughly half the size of the $7.5 billion offering that made headlines four years ago.
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Diane Rinnovatore has been promoted to co-head of Barclays Capital’s securitized products origination platform along with Cory Wishengrad, according to an internal memo.
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Royal Bank of Scotland is said to be looking to sell billions of real estate assets in Germany and the U.S. as its next step in unloading non-core businesses.
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Lloyds Banking Group says it will cut another 325 jobs as part of its ongoing integration with HBOS.
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Market officials are calling for regulators to give collateralized loan obligations an exemption from new risk retention requirements.
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Peter Gleysteen, ceo of the newly created CIFC Deerfield Corp, has a bullish outlook for corporate mergers and acquisitions and plans to position the recently merged platforms of Deerfield Capital and Commercial Industrial Finance Corp to issue a new collateralized loan obligation.
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Securitization broker-dealer Braver Stern Securities is seeking to replace five employees that have defected to Sandler O’Neill from its Chicago-based fixed-income sales and strategy desks, but is also “looking at alternatives,” according to Joseph Valentine, managing director, fixed-income trading.
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KA Finanz, the state-owned Austrian bad bank, expects to further reduce its securities and credit default swaps in 2011, according the Alois Steinbichler, its ceo.