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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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Bad news for the monolines continues this week with Security Capital Assurance’s series A perpetual noncumulative preference shares downgraded to D from C by Standard & Poor’s today.
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Richmond, Va.,-based mortgage insurance company Genworth Financial has set up a U.S. capital markets group to focus solely on wrapping mortgage-related products in hopes of gobbling up market share from competitors that continue to get hit hard by their subprime exposure.
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Krishna Prasad, managing director of structured finance research at Lehman Brothers, is leaving the bank after 11 years.
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Citi Alternative Investments has hired Jerome Anglade to its credit strategies group in London as a senior portfolio manager responsible for a new distressed fund.
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Trade Settlement Inc., a global electronic settlement service for the primary and secondary loan markets, has hired William Buble as chief operating officer, a newly created position.
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New York-based Radian Asset Assurance, a subsidiary of Radian Group, has cut six members of its eight-person collateralized debt obligation team, including group head Peter Danna, senior v.p.
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The monoline downgrades keep rolling on in. Fitch Ratings downgraded multiple ratings of the FGIC, Security Capital Assurance and the companies’ subsidiaries.
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Credit Suisse’s securitization research department area has undergone a reorganization.