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'
More articles
More articles
-
New York-based investment advisor Treesdale Partners has hired a team of four RBS Greenwich Capital non-agency mortgage traders to buy mortgage-backed securities for the company’s year-old distressed hedge fund.
-
Deutsche Bank is restructuring its commercial real estate team to centralize decision making around a team of senior executives.
-
Rob Karen, formerly a salesman at Bear Stearns, has joined Natixis.
-
Wells Fargo's $15.1 billion deal to acquire Wachovia would draw together two teams without the loan overlap the Citigroup/Wachovia deal would have had. "I was talking to a guy [on the Wachovia loan desk], and they're a lot happier today than they were yesterday," said one investor.
-
U.S.-based hedge fund, Citadel Investment Group, has snapped up ex-Lehman Brothers head, Alex Maddox, to head its European securitized products group.
-
Denver-headquartered Allon Financial has started up as a due diligence provider that will give independent disclosures on loan pools’ quality and character.
-
John Uhlein, chief of U.S. structured finance at Ambac, is leaving the company. Diana Adams, senior managing director of the international business, and Tim Stevens, a senior managing director in structured capital markets, will take over his duties, according to an internal memo.
-
Lehman Brothers will cut 750 jobs in European fixed income and personal investment management after talks to find a buyer failed. The redundancies were effective as of today, according to a statement by PricewaterhouseCoopers, which is Lehman's bankruptcy administrator in the U.K. “It is extremely disappointing that despite exhausting all avenues these jobs could not be saved. As we move into our third week, we continue to be focused on maximising the value of recoveries for creditors, whilst minimising the impact on other stakeholders as much as possible,” Tony Lomas, partner, said in the statement. Lehman filed for bankruptcy on Sept. 15.
-
NewOak Capital, the New York-based firm recently started by Ron D’Vari and James Frischling, has scooped up five managing directors.