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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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Nordea Eiendomskreditt, a unit of Norway’s Nordea Bank, has sold $2 billion of Norwegian legislative covered bonds through a private Rule 144a placement.
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Barclays is said to be in advanced stages of investigating a possible move of its headquarters from the U.K. to the U.S.
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BNP Paribas is said to have set its sights on acquiring IKB Deutsche Industriebank from Lone Star Funds, the U.S. private equity fund.
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The American Securitization Forum expanded its advocacy ranks this week, hiring Jim Johnson as managing director of public policy in its newly minted Washington office.
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A federal judge in New York has dismissed lawsuits brought by investors against Bank of America’s Merrill Lynch unit to force the bank to bring charges against officers and directors for their role in risky investments in collateralized debt obligations.
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Moody’s Investors Service has downgraded most of $4.1 billion of Alt-A residential mortgage-backed securities issued by Countrywide Financial.
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The Federal Deposit Insurance Corporation has the market scrambling to understand an addition to its risk retention and qualified residential mortgage proposals, passed unanimously by the board Tuesday, that will force non-QRM deals to be structured with a “premium capture cash reserve account.”
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The International Monetary Fund has endorsed proposals by the Swiss National Bank to raise capital requirements on UBS and Credit Suisse, the country’s largest banks, to 19%, well above the percentage adopted by the Basel Committee on Banking Supervision.
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The Federal Deposit Insurance Corporation is seeking to standardize the industry-wide standard for qualified residential mortgages with a mandatory 20% down payment threshold, according to an FDIC official in a press briefing this morning.