Latest news
Latest news
UK credit card provider Jaja hires Belen Bulnes as it plans on entering the public ABS market
Thomas Picton joins as firm works to build strength in CLOs
Regulator plans to implement formulaic p-factor proposed in October 2024
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Hectic negotiations and lobbying are going on at the European Commission about the Taxonomy of Sustainable Economic Activities, in the last day before it is due to publish the detailed rules. Key countries including Germany have changed their positions, GlobalCapital can reveal, while supporters of gas and nuclear power are digging in. Battlelines are now being drawn over the timing. -
BlueBay Asset Management has hired a portfolio manager to its structured credit and CLO management team, bringing in Tom Mowl from his previous position as senior portfolio manager at Challenger Investment Partners.
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The European Commission is set to put forward a new solution to the intense battle over the EU's sustainable finance Taxonomy, between green finance supporters and EU member states that want to safeguard their plans to use gas, GlobalCapital has learned. This would appear to involve leaving gas out of the sustainable category of the Taxonomy, as environmentalists have demanded, and making a "separate legislative proposal" to deal with gas and nuclear power.
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Private equity "vulture funds" are tightening their grip on Ireland after a Covid-19 parliamentary bill opened up more mortgages for repossession. But legal practitioners are working with non-profits to stop PE firms from “scraping the barrel” of defaulted mortgage debt.
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Fairwater Capital, an alternative investment boutique, has hired Eric de Sangues, formerly of Chenavari Investment Managers, as head of structured credit.
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Head of US CLO new issue syndication David Ryan has left Deutsche Bank after 17 years working at the bank.
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With the UK opening up high street retail on Monday, investors are said to be eyeing retail real estate for opportunities. But the market, hit hard by the pandemic, will be slow to recover – with Newcastle’s Metrocentre becoming a prominent example of the future for shopping centres after the pandemic.
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Long-awaited amendments to European securitization law come into force on Friday, which should make non-performing loans securitization easier at a time when bad debt levels are set to rocket. Tom Brown reports.
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BNP Paribas has hired a banker from Credit Suisse to work in its non-performing loans team, as the French bank increasingly targets securitization business in the sector.
