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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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Mark Fedorcik has been named global head of leveraged debt capital markets at Deutsche Bank, according to an internal memo this morning.
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The fate of billions of euros of asset backed securities sponsored by Lehman Brothers, or with the bank as a counterparty, hangs in the balance as Moody’s announced a sweeping review of all such transactions with others expected to follow. Analysts predicted downgrades and defaults in the underlying loans. The threat of forced sales of its real estate assets and asset backed securities also looms large in an already febrile market.
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Churchill Financial Group has hired David Heilbrunn, former CDO group head with Bear Stearns structured financial products group.
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Angst and speculation gripped the market Monday as bankers and investors wrestled with the impending fallout from Lehman Brothers’ bankruptcy filing.
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Offshore law firm Appleby is targeting the emerging middle-eastern structured finance market by opening a new Dubai office.
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The loan market dropped one to two points by 11 a.m. as the market digested the news of Lehman Brothers’ Chapter 11 filing early this morning and that Merrill Lynch had agreed to be acquired by Bank of America.
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UBS is set to reduce the scope of its commercial real estate business in the U.S. and move staff from New York to its headquarters in Stamford, Conn.
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JPMorgan is reducing staff in its commercial mortgage-backed securities group as a result of the bank’s acquisition of Bear Stearns as well as low origination volume.
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Andrew Wenner has joined Mitsubishi UFJ Securities (USA) as an assistant v.p. within the capital markets group.