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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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The Securities Industry and Financial Markets Association’s credit ratings agency task force, initially wary of the Securities Exchange Commission’s effort to reform the rating system, supported last week’s proposal to remove virtually all references to Nationally Recognized Statistical Rating Organizations, or NRSROs, from the SEC’s rules and forms.
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Noel Kirnon, head of global structured finance at Moody’s Investors Service, is leaving the company at the end of the month.
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Banks marking portfolios to market have taken at least a $25.79 billion hit on their exposure to the monolines to date, according to a report from the Royal Bank of Scotland.
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McKee Nelson has set up the first team at a law firm dedicated to covered bonds.
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Fasthold Capital, an Orange, Calif.-based loan broker, plans to raise $200-300 million over the next six to nine months to buy distressed residential mortgage assets.
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CUSIP Global Services launched its European bank loan application (EBL) platform through which European agent banks can request CUSIP identifiers similar to those currently assigned to U.S. loans.
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Marty Fridson believes the leveraged buyout market is likely to recover early in the next decade based on a recent turnaround in the quality mix of new speculative grade issuance.
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Martin Pryor, a par salesman and managing director at Citigroup, was let go Tuesday morning as part of continuing cuts to Citi's staff.
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Downgrades exceeded upgrades by a count of 14 to four for Moody's Investor Service's May speculative-grade liquidity (SGL) ratings.