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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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Fixed-income research analysts will not be held to the same conflict of interest rules as their equity colleagues, said Grace Vogel, executive v.p. of member firm regulation at NYSE Regulation, at the Securities Industry and Financial Markets Association conference in New York last week.
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Wall Streeters are hitting the driving range to prepare for the first annual Tom Liu Memorial Golf Classic being held by The Kingsland Foundation on July 9 at the Montclair Golf Club in West Orange, N.J.
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Three senior analysts at Jefferies Capital Management have jumped ship.
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Peloton Partners, the London-based multi-strategy hedge fund, has added senior prop traders to its asset-backed securities and emerging markets teams.
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With all the boob-tube fans ranting and raving about last week's Sopranos' finale, we figured we'd give you a taste of how the loan market views it with an interim Bloomberg tag of the month winner.
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A hedge fund managed by Bear Stearns is scrambling to sell about $4 billion in mortgage-backed bonds, reports The Wall Street Journal. Faced with losses on its investments, the High-Grade Structured Credit Strategies Enhanced Leverage Fund is trying to raise cash, in a move being viewed as a setback for a Wall Street firm known for its savvy debt-market trading. The fund is down 23% in the year through April.
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General Electric’s WMC Mortgage has become what is thought to be the first subprime lender to adopt proposed federal guidelines on underwriting low-initial-payment mortgages to people with flawed credit, according to Dow Jones. The guidelines were proposed in March and are expected to be finalized in the coming weeks.
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Standard & Poor’s is placing covenant-lite loans and their impact on collateralized loan obligations under the microscope.
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Barclays Capital’s credit trader Stuart Calnan has been promoted to head of ABS trading "for the foreseeable future," after the departure of Rob Ford, according to a source close to the situation.