SIV damage comes to surface around world, banks offer guarantees

16 Nov 2007

The fallout from collapsing structured investment vehicles contaminated more institutions this week, as investors in both senior and capital notes reported losses. There were several accounts of banks that sponsor SIVs offering to protect investors from loss, perhaps to shield some of their best clients.

Meanwhile, SIV managers continued efforts to restructure their vehicles on both an individual and an industry-wide basis.

Aiming to reassure investors about its holdings of SIV senior debt, SEI, a Pennsylvania-based money manager, said this week that the bank sponsor of one of its "larger SIV holdings" had said ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.