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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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Jim Harrington joined Ryan Labs on Sept. 4 as senior portfolio manager in charge of structured products and model portfolios.
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Mark Brown is joining nabCapital, a division of National Australia Bank, as a managing director responsible for driving the company’s balance sheet strategy and managing its loan portfolio.
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The Blackstone Group President Tony James expects the estimated $350 billion in debt to finance pending buyouts to be sold in six months.
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THL Credit Group received about $500 million in equity and financing commitments for THL Credit Partners, its inaugural fund, that will invest in a wide variety of securities through leveraged finance, structured credit and other equity transactions.
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Trade Settlement Europe, the European subsidiary of Trade Settlement Inc., has hired Merrill Lynch alumnus Stuart Biggar to lead its expansion in Europe.
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Loic Fery, global head of credit markets at Calyon in London, has left the firm following the announcement of proprietary trading losses in New York which will result in a €250 million ($351.9 million) charge for the firm.
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Lehman Brothers’ fixed-income capital markets division today reported a decrease of 47% in net revenues, primarily due to lower performances in the credit and securitized products groups.
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Fifth Third Asset Management has hired Bill Natcher as a senior portfolio manager from Deutsche Bank.
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E-Trade Financial said yesterday it would exit the wholesale mortgage business and that it set aside $245 million for bad loans in the second half, reports the Associated Press. The company, which has been feeling the pinch caused by defaults in the subprime mortgage market, also said that it will set aside another $100 million for troubled asset-backed securities. E-Trade’s chief executive, Mitchell Caplan, also offered a sobering opening of what’s to come for the market.