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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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Three mortgage-backed securities bankers have left Lehman Brothers.
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RBS Greenwich Capital Markets has given about half of the members of its 20-strong collateralized debt obligation group pink slips, including group co-head Rick Caplan and head CDO trader Jason Golush.
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Scottsdale, Ariz.,-based mortgage originator Spectrum Financial Group, the largest private mortgage company in Arizona, filed for bankruptcy today .
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Start-up CapitalFusion Alternative Investments is bringing to market a $200-250 million opportunistic fund that will invest in asset-backed securities and collateralized debt obligation assets, commercial real estate, whole loans and initial public offerings.
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American Home Mortgage has been hit with a number of lawsuits since filing for bankruptcy filed for bankruptcy on Aug. 6.
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J.P. Morgan Securities has transferred Mark Schmude, a New York-based collateralized debt obligation strategist, to London to help accommodate a growing European client base.
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Steve Warjanka, a director and Alt-A RMBS structurer at UBS, has left the bank.
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Barclays Capital’s head of European collateralized debt obligations, Ed Cahill, has quit, reports Reuters UK. Recent turmoil in the U.S. subprime market has focused regulatory and market concern on the CDOs, which repackage securities backed by the mortgages.Cahill joined Barclays from J.P. Morgan in 2004 where he traded and later structured CDOs.
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Standard & Poor’s is looking into creating a separate measure of likely volatility in structured products outside the current rating definitions used as standard.