Latest news
Latest news
Some deals resemble the bank SRT market but there is room for independent sponsors to put trades together
Market participants gathering in Stavanger will focus on market growth
Mezz and certificates go on offer, testing new execution strategy
More articles
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Berkshire Bank has filed a lawsuit against 21 banks, including Bank of America, Barclays, JPMorgan Chase and Citigroup, for allegedly manipulating the London Interbank Offered Rate, resulting in lower interest payments it received.
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Standard & Poor’s has changed its outlook on Royal Bank of Canada, Toronto-Dominion Bank and five other Canadian banks from stable to negative because of “a prolonged run-up in housing prices and consumer indebtedness.”
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Demand for prime RMBS could grind spreads tight enough to stop a rush of UK banks tapping the Bank of England’s Funding for Lending Scheme (FLS), ABS market participants told EuroWeek Structured Finance.
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The Co-operative Bank printed its Silk Road Finance 3 RMBS at 135bp over three month Libor on Thursday, with strong demand from banks and asset managers driving the year’s tightest pricing for a deal of this kind.
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European corporate bond issuers — and even financial institutions — enjoyed some of their best ever funding conditions this week, in a bizarre disconnect with the extreme strain on Spain and Italy’s finances.
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Securitization officials are split over the impact the Bank of England’s Funding for Lending Scheme will have on U.K. issuance in the second half of the year.
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The Co-operative Bank printed its Silk Road Finance 3 RMBS at 135bp over three month Libor on Thursday, with strong demand from banks and asset managers driving the year’s tightest pricing for a deal of its kind.
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Moody’s has reached a settlement with the Louisiana Municipal Police Employees Retirement System and other investors over charges that top executives of the rating agency overstated the grades of mortgage-backed securities, a move that the pension plan claimed ruined its reputation.
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Private markets are starting to present good opportunities for credit strategies, particularly collateralized loan obligations, as banks have reigned in lending and shed assets.