Derivatives - All Articles

  • JPM: Banks’ RMBS Holdings Drop By $26B

    Banks dumped $26 billion in mortgage-backed securities holdings in the last week, a significant drop over a short period, according to analysts at JPMorgan during a client call on Tuesday.

    • 31 Jan 2012
  • CMBS Loan Prices At Two-Year High

    The prices of commercial real estate loans collateralizing commercial mortgage-backed securities rose in December to their highest levels in two years, according to DebtX ceo Kingsley Greenland

    • 31 Jan 2012
  • FSA To Press For CCP Stress Tests

    The U.K.’s Financial Services Authority said it would urge central counterparties to conduct stress tests on a daily basis as part of their reviews of how they would manage the risk of member defaulting on derivatives contracts.

    • 31 Jan 2012
  • JPM Slapped With Another MBS Suit

    German cooperative lender DZ Bank has been the latest to file against JPMorgan Chase for alleged misrepresentations in the offering materials of mortgage-backed securities it sold.

    • 31 Jan 2012
  • Denver Firm Forms Structured-Finance Group

    Denver-based CoBiz Financial has announced the formation of CoBiz Structured Finance, which it says will provide asset-based loans to middle-market businesses.

    • 31 Jan 2012
  • FHFA Defends Freddie Mac’s CMO Investments

    The Federal Housing Finance Agency has responded to media reports that Freddie Mac profited by pouring money into collateralized mortgage investments in which the government-sponsored enterprise benefited from homeowners are unable to refinance.

    • 31 Jan 2012
  • CMBS Rally Seen Ending

    The rally in commercial mortgage-backed securities that dominated activity in the first half of January appears to be coming to an end, according to Citigroup analysts.

    • 31 Jan 2012
  • Bank Failures To Double Over Two Years

    At least 758 banks are expected to fail over the next two years—nearly double the 389 that collapsed between 2009 and 2011, according to Invictus Consulting Group.

    • 31 Jan 2012
  • Deutsche Bank Said To Prep for $1 Bln CMBS

    Deutsche Bank is said to be preparing to launch a $1billion issue of commercial mortgage-backed securities in February.

    • 31 Jan 2012
  • Williams Adds Structured Finance

    The Williams Group has formed Eland Capital, a new unit that will explore structured finance opportunities for corporate, federal, state and local government clients.

    • 31 Jan 2012
  • AmeriCredit Subprime Deal Takes Off

    AmeriCredit Financial Services, a subsidiary of General Motors Financial, priced its first securitization of 2012, a $1 billion asset-backed deal backed by subprime auto loan receivables, this afternoon.

    • 31 Jan 2012
  • UBS Launches Algo Trading In Mexico

    UBS has begun offering algorithmic trading strategies in Mexico to increase access for international clients trading in the region.

    • 31 Jan 2012
  • Nomura Vol ETF Grows Two-Fold

    An exchange traded fund from Nomura, recognized as the market’s first volatility-linked ETF that reduces incurred slide costs, has grown two-fold after seeing increased inflows from institutional investors from the beginning of January.

    • 31 Jan 2012
  • Clearinghouse Issue Snags Derivatives Discussions

    The issue of when the European Securities and Markets Authority would have the power to settle disputes among national regulators on clearinghouse oversight is said to be the main disagreement in discussions on European Union derivatives regulations.

    • 31 Jan 2012
  • CFTC Mulls High-Frequency Trade Rules

    The U.S. Commodity Futures Trading Commission is considering whether to issue a concept release over the next few months for comment on proposed regulations in the Dodd-Frank Act for automated and high-frequency trading in the derivatives markets, according CFTC Chairman Gary Gensler.

    • 31 Jan 2012
  • ISDA To Decide On Big Banks’ Insolvency

    The International Swaps and Derivatives Association is expected to decide as early as this week whether a Greek default would constitute a credit event that could trigger the payout credit default swaps referencing the European country’s debt, and which could wipe out the five largest banks, according to commodities and fx trader Jim Sinclair.

    • 31 Jan 2012
  • Wells Taps MD For Institutional Investments

    Wells Fargo Securities has hired Geoffrey Keith as a managing director in its institutional investment solutions group with responsibility for developing and marketing equity- and commodity-linked investments for its global institutional clients.

    • 31 Jan 2012
  • JPM Names Asia Fixed-Income Chief

    JPMorgan Chase has appointed Pranav Thakur to succeed Tarun Mahroti as head of fixed for Asia ex Japan and Australia.

    • 31 Jan 2012
  • ICE Clear Credit To Allow Portfolio Margining

    Intercontinental Exchange’s has announced that its ICE Clear Credit unit has begun offering portfolio margining benefits for clearing participants' proprietary positions, which it says will allow “for more efficient collateralization of opposite positions in index and correlated single-name credit default swap instruments.”

    • 31 Jan 2012
  • Debate Eyed Ahead Of E.U. Vote On Bourse Merger

    Michel Barnier, the European Union’s commissioner of financial services, is planning to ask that the proposed merger of NYSE Euronext and Deutsche Boerse be debated before a vote is taken.

    • 31 Jan 2012